Question
.Mila will need $10 000 when she goes to college 5 years from now. She has 2 options for saving the money. Option A:
.Mila will need $10 000 when she goes to college 5 years from now. She has 2 options for saving the money. Option A: A regular deposit at the end of each month into an account that earns 7% per year compounded monthly I Option B: A regular deposit at the end of each year into an account that earns 7.25% per year compounded annually Which option should Mila choose? Make a recommendation, then justify it. (6 marks)
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Get StartedRecommended Textbook for
Linear Algebra with Applications
Authors: Steven J. Leon
7th edition
131857851, 978-0131857858
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