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What balance in yolanda saving plan after six years was

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Consider the two savings plans below. Compare the balances in each plan after 6 years. Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $400 per month in an account with an APR of 4%, while Zach deposits $5000 at the end of each year in an account with an APR of 4.5%.

Question 1: The balance in Yolanda's saving plan after 6 years was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.)

Question 2: The balance and Zach's saving plan after six years was $______

Round the final answer to the nearest cent

Question 3: Which person deposited more money? Or did they deposit the same amount?

Question 4: Which of the two investment strategies was better?

Reference no: EM132622335

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