Multiple Choice
Solve the problem.
-Anna deposits $2500 in a savings account that compounds interest annually at an APR of 6% . Dave deposits $2600 in a savings account that compounds interest daily at an APR of 5.6%. After
10 years, who has more in their savings account and how much more do they have?
A) Anna has $113.05 more than Dave.
B) Anna has $175.26 more than Dave.
C) Dave has $104.82 more than Anna.
D) Dave has $74.43 more than Anna.
Correct Answer:
Verified
Correct Answer:
Verified
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