Duncan and Feyd start investing at the same time.  Duncan makes payments of $40 at the end of each week into an investment that earns 5.25%, compounded weekly.  Feyd makes a single investment into an account that also earns 5.25% but it is compounded annually. After 3 years, they have the same amount in their account. Is this possible? Show calculations

Answer rating: 100% (QA)

To determine if Duncan and Feyd can have the same amount in their accounts after 3 years we can calculate the future value of their investments separa... View the full answer