Consider the two savings plans below. Compare the balances in each plan after 6 years. Which person deposited more money in the plan? Which of the twe investment strategies is better? Yolanda deposits $100 per month in an account with an APR of 5%, while Zach deposits $1000 at the end of each year in an account with an APR of 5.5% CH The balance in Yolanda's saving plan after 6 years was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.) The balance in Zach's saving plan after 6 years was (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.) Which person deposited more money in the plan? OA. Zach deposited more money in his savings plan OB. Yolanda deposited more money in her savings plan OC. Neither, they deposited the same amount of money in their savings plans. Which of the two investment strategies was better? OA. Zach's investment strategy was better because he had a larger total return after 6 years OB. Yolanda's investment strategy was better because she had a larger total return after 6 years. OC. Neither plan was better than the other because both plans yield the same total return after 6 years.
Consider the two savings plans below. Compare the balances in each plan after 6 years. Which person deposited more money in the plan? Which of the twe investment strategies is better? Yolanda deposits $100 per month in an account with an APR of 5%, while Zach deposits $1000 at the end of each year in an account with an APR of 5.5% CH The balance in Yolanda's saving plan after 6 years was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.) The balance in Zach's saving plan after 6 years was (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.) Which person deposited more money in the plan? OA. Zach deposited more money in his savings plan OB. Yolanda deposited more money in her savings plan OC. Neither, they deposited the same amount of money in their savings plans. Which of the two investment strategies was better? OA. Zach's investment strategy was better because he had a larger total return after 6 years OB. Yolanda's investment strategy was better because she had a larger total return after 6 years. OC. Neither plan was better than the other because both plans yield the same total return after 6 years.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Consider the two savings plans below. Compare the balances in each plan after 6 years. Which person deposited more money in the
investment strategies is better?
Yolanda deposits $100 per month in an account with an APR of 5%, while Zach deposits $1000 at the end of each year in an account with an APR of 5.5%
The balance in Yolanda's saving plan after 6 years was S
(Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.)
The balance in Zach's saving plan after 6 years was $.
(Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.)
Which person deposited more money in the plan?
A. Zach deposited more money in his savings plan.
OB. Yolanda deposited more money in her savings plan.
OC. Neither, they deposited the same amount of money in their savings plans.
Which of the two investment strategies was better?
OA. Zach's investment strategy was better because he had a larger total return after 6 years.
OB. Yolanda's investment strategy was better because she had a larger total return after 6 years.
OC. Neither plan was better than the other because both plans yield the same total return after 6 years.
plan? Which of the two
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