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Ethan and Ethyl each have $2,850 to invest. Ethan puts his money in a savings account earning 1.88% APR. Ethyl puts her money in an
Ethan and Ethyl each have $2,850 to invest. Ethan puts his money in a savings account earning 1.88% APR. Ethyl puts her money in an aggressive growth mutual fund and earns 9.36% APR average. After 37 years of monthly compounding Ethan and Ethyl compare thier accounts. Who has more and by how much? Ethan owes Ethyl 584,044.99 Ethyl has $84,043.99 more than Ethan Ethan has $89,043.99 more than Ethyl Ethan has $84,044 Ethyl has $84,044
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