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Consider the two savings plans below. Compare the balances in each plan after 7 years. Which person deposited more money in theplan? Which of the

Consider the two savings plans below. Compare the balances in each plan after 7 years. Which person deposited more money in theplan? Which of the two investment strategies isbetter?

Yolanda deposits $550 per month in an account with an APR of 6%, while Zach deposits $ 7000 at the end of each year in an account with an APR of 6.5%.

a) The balance in Yolanda's saving plan after 7 years was ____

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