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How many years will it be until the two accounts

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Question 1: You have $1,225 in a savings account which earns 8.4% compounded monthly and $1,300 in an account which earns 6% compounded monthly. How many years will it be until the two accounts have the same amount in them if you do not withdraw any money?

Option A) 1.54 years

Option B) 1.97 years

Option C) 2.39 years

Option D) 2.50 years

Option E) 2.69 years

Reference no: EM132506006

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