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How much would you have to deposit in account

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Reference no: EM131980480

You would like to have ?$79,000 in 15 years. There are two options. Account A has a rate of 7.5?% compounded once a year. Account B has a rate of 7?% compounded daily. How much would you have to deposit in each account to reach your? goal? Assume 360 days in a year.

You must invest ?$ in Account A (Round to the nearest dollar)

You must invest ?$ in Account B. ?(Round up to the nearest? dollar.)

Reference no: EM131980480

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