Question
Sue plans to save $100 at the beginning of each month for the next five years. Scott plans to save $100 at the end of
Sue plans to save $100 at the beginning of each month for the next five years. Scott plans to save $100 at the end of each month for the next five years. Assume that both Sue and Scott earn 4.5 percent on their savings. Which one of the following statements is correct given this information? A) Sue will have $6,721.68 at the end of the five years. B) Sue will have $25.17 more in her account than Scott will have in his account at the end of the five years. C) Scott will have $8.67 more in his account than Sue will have in her account after the first three years. D) Both Sue and Scott will have the same amount of money in their accounts after five years.
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