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What The balance in Yolanda saving plan

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Reference no: EM132588473

Question 1: Consider the two savings plans below. Compare the balances in each plan after 5 years. Which person deposited more money in the plan?

Question 2: Which of the two investment strategies is better?

Question 3: Yolanda deposits $50 per month in an account with an APR of 5%, while Zach deposits $600 at the end of each year in an account with an APR of 5%. The balance in Yolanda's saving plan after 5 years was $ ? .

Reference no: EM132588473

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