The following pair of investment plans are identical except for a small difference in interest rates. Compute the balance in the accounts after 10 and 30 years. Discuss the difference. Chang invests $1300 in a savings account that earns 3.75% compounded annually. Kio invests $1300 in a different savings account that earns 4.0% compounded annually.

After 10 years Chang will have a balance of approximately $

After 30 years Chang will have a balance of approximately $

(Round to the nearest cent as needed.)

After 10 years Kio will have a balance of approximately $

After 30 years Kio will have a balance of approximately $

(Round to the nearest cent as needed.)

After 10 years Kio will have $ or % More than Chang.

After 30 years Kio will have $ or % More than Chang.

(Round to two decimal places as needed.)