Complete the following table, which shows the performance of two investments over a 5-year period. Anjana deposits $4000 in an account that earns simple interest at an annual rate of 3.9%. Darin deposits $4000 in an account that earns compound interest at an annual rate of 3.9% and is compounded annually. Year 12345 Anjana's Annual Interest $ $ $ $ Anjana's Darin's Annual Darin's Balance Interest Balance $ $ $ $ $ $ $ $ $ $ $ $ $ $
Complete the following table, which shows the performance of two investments over a 5-year period. Anjana deposits $4000 in an account that earns simple interest at an annual rate of 3.9%. Darin deposits $4000 in an account that earns compound interest at an annual rate of 3.9% and is compounded annually. Year 12345 Anjana's Annual Interest $ $ $ $ Anjana's Darin's Annual Darin's Balance Interest Balance $ $ $ $ $ $ $ $ $ $ $ $ $ $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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14. fill in table
Transcribed Image Text:Complete the following table, which shows the
performance of two investments over a 5-year period.
Anjana deposits $4000 in an account that earns
simple interest at an annual rate of 3.9%. Darin
deposits $4000 in an account that earns compound
interest at an annual rate of 3.9% and is compounded
annually.
Complete the following table.
(Round to the nearest dollar as needed.)
Anjana's
Year
Annual Interest
1
$
Anjana's
Balance
Year
Darin's Annual
Interest
12345
Anjana's
Annual
Interest
$
LA LA LA LA
Darin's
Balance
Anjana's Darin's Annual Darin's
Balance Interest Balance
$
$
LA LA LA
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