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Thank you for your help. Consider the two savings plans below. Compare the balances in each plan after 5 years. Which person deposited more money
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Consider the two savings plans below. Compare the balances in each plan after 5 years. Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $450 per month in an account with an APR of 3%, while Zach deposits $5000 at the end of each year in an account with an APR of 3.5%. The balance in Yolanda's saving plan after 5 years was $. (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.) The balance in Zach's saving plan after 5 years was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.) Which person deposited more money in the plan? O A. Zach deposited more money in his savings plan. OB. Yolanda deposited more money in her savings plan. O C. Neither, they deposited the same amount of money in their savings plans. Which of the two investment strategies was better? O A. Neither plan was better than the other because both plans yield the same total return after 5 years. OB. Yolanda's investment strategy was better because she had a larger total return after 5 years. OC. Zach's investment strategy was better because he had a larger total return after 5 yearsStep by Step Solution
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