Question i Jones is entering investment arrangements with two different companies, company X and company Y. Under each arrangement Jones must invest $100 per month on the first day of each month and interest is credited at the nominal annual rate of 12% compounded monthly Company X credits interest from the date of deposit, but charges expenses equal to 3% of each deposit at the time of deposit. Company Y does not charge expenses but credits interest only from the end of the calendar year in which the deposit is made. Jones starts investing with each company on July 1, 2016. In which of the following ranges is the difference in the current values on December 31, 2018? Possible Answers A $70 but$80 but $90 but $100