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Consider the two savings plans below. Compare the balances in each plan after 8 years. Which person deposited more money in the plan? Which of

Consider the two savings plans below. Compare the balances in each plan after 8 years. Which person deposited more money in the plan? Which of the two investment strategies is better?

Yolanda deposits $300 per month in an account with an APR of 6%, while Zach deposits $3600 at the end of each year in an account with an APR of 6%.

The balance in Yolanda's saving plan after 8 years was $

Now calculate the balance in Zach's savings plan.

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