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Consider the two savings plans below. Compare the balances in each plan after 14 years. Which person deposited more money in the plan? Which of
Consider the two savings plans below. Compare the balances in each plan after 14 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 5%, while Zach deposits $3600 at the end of each year in an account with an APR of 5%. The balance in Yolanda's saving plan after 14 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 14 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? O A. Yolanda deposited more money in her savings plan. O B. Zach deposited more money in his savings plan. OC. They deposited the same amount of money in their savings plans. Which of the two investment strategies was better? O A. Yolanda's investment strategy was better because she had a larger accumulated savings plan balance after 14 years. O B. Zach's investment strategy was better because he had a larger accumulated savings plan balance after 14 years. O C. Neither plan was better than the other because both plans yield the same accumulated savings plan balance after 14 years
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