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You would like to have $70 comma 000 available in 15 years. There are two options. Account A has a rate of 3.5% compounded once
You would like to have $70 comma 000 available in 15 years. There are two options. Account A has a rate of 3.5% compounded once a year. Account B has a rate of 3% compounded daily. How much would you have to deposit in each account to reach your goal? Assume 365 days in a year. You must invest $ enter your response here in Account A. (Round up to the nearest dollar.)
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