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02-09-2021
Mathematics

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HELP
Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as principal amount, with an interest of 3% compounded quarterly. Brooklyn wants to deposit $300 as the principal amount, with an interest of 5% compounded monthly. Explain which method results in more money after 2 years. Show all work.

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02-09-2021

Answer:

5 percent monthly because because it creates more interest

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