Question

You want to invest your money but need to decide which option to choose from in order to make the most money. Option A is to invest your $5000 into a basic account that earns interest at an annual rate of 5.2% per year. Option B is to invest your $5000 into an account that compounds your money quarterly at an interest rate of 5% per year. Which option will make more money after 10 years? How much more money will it make?

Answer 1

Explanation:

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