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hello, there is another section below that asks: choose the correct answer below A. the percent of the balance that is interest is the same
hello,
(Round to the nearest cant as needed) Rosa invests $3400 in an account with an APR of 2% and annual compounding Julian invests $2900 in an account with an APR of 3% and anal compounding Complete porta a through . Compute the balance in each accounter 5 and 20 years Atat 5 years Roms will have a balance of approximately $ Ater 20 yean Rosa vil have a balance of approximately $ Afet 5 years Julian will have a balance of approximately $) Atur 20 years Julian will have a balance of approximate] (Round to the nearest cunt needed) b. Determine, for each account and food 20 years, the percentage of balance that is interest Ahor 5 years approximately s Rosas balance is interest. Aner 20 years approximately Iker Rola balance in interest (Pound to the nearest percent as needed) Ater 5 year apprendimately of Juan't balance is interest, hur 20 years approximately 1% of Julian's balance in hicest Round to the worst percent as needed) c Comment on the effect of interest rates and patience Choose the correct answer below there is another section below that asks:
"choose the correct answer below"
A. the percent of the balance that is interest is the same after five years and after 20 years.
B. A lower initial principal with a higher APR will always have a lower bounds than a higher initial principal with a lower APR.
C. A lower initial principal with a higher APR overall long enough. Can resolve in a higher balance than a higher initial principal with a lower APR.
thank you!
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