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Show work on the computer not scanned in. Thanks Anita's parents give her a gift of $12,000 to put in a college savings account for
Show work on the computer not scanned in. Thanks
Anita's parents give her a gift of $12,000 to put in a college savings account for her new baby. She is deciding between two different plans: one pays 4.56% interest compounded quarterly and the other pays 4.54% interest compounded monthly. Which plan should she choose if she wants to maximize the amount of money in the account at the end of 18 years? Show the work that leads to your conclusion.
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