As a wedding gift, Jonathan and Claire received $10,000 cash from Claires's grandparents. The couple is trying to decide where to invest the money. Account A offers 2.3% interest compounded semi-annually.

As a wedding gift, Jonathan and Claire received $10,000 cash from Claires's

grandparents. The couple is trying to decide where to invest the money. Account
A offers 2.3% interest compounded semi-annually. Account B offers 4.2%
interest compounded annually. Which is the better deal? Explain.

1 Answer

As a wedding gift, Jonathan and Claire received $10,000 cash from Claires's grandparents. The couple is trying to decide where to invest the money. Account A offers 2.3% in…

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