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Four different accounts are described below. Order the accounts according to their values after 20 years, from greatest to least.
1.You deposit 1500$ in an account that earns 5% annual interest compounded quarterly.
2. You deposit 1500$ in an account that earns 6% annual interest compounded monthly
3. You deposit 1400$ in an account that earns 9% annual interest compounded daily
4. You deposit 1000$ in an account that earns 10% annual interest compounded monthly

order from greatest to least

Respuesta :

Answer:

1.(3)=$8467.63

2. (4)=$7328.07

3. (2)=$4965.31

4. (1)=$4052.23

Step-by-step explanation:

1500(1+0.05/4)^4(20)

1500(1+0.06/12)^12(20)

1400(1+0.09/365)^365(20)

1000(1+0.10/12)^12(20)

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