Question

Kerry invests $682 in a savings account that earns 5.4% compounded annually. Andy invests $682 in a savings account that earns 7% compounded annually. How much is in each of their accounts after 10 years and after 20 years?

Answer 1

1050.28 Kerry’s money (10years later)
1364.56 Kerry’s money(20years later)
1159.4 Andy’s money (10years later)
1636.8 Andy’s money(20 years later)