Still have math questions?

Ask our expert tutors
Algebra
Question

Which plan is better? How much more would it pay?...

Which plan is better? How much more would it pay? Plan A: Invest \(\$ 1000\) at \(4 \%\) compounded quarterly for \(3 yr\) Plan B: Invest \(\$ 1000\) at \(3.9 \%\) compounded monthly for \(3 yr\)

Answer

\(\text { Plan A is better because it would pay } \$ 2.92 \text { more. }\)

Solution
View full explanation on CameraMath App.