Question

Consider the two savings plans below. Compare the balances in each plan after 6 years. Which...

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 ​$250 per month in an account with an APR of 6​%, while Zach deposits ​$3000 at the end of each year in an account with an APR of 6​%. The balance in​ Yolanda's saving plan after 6 years was ​$ ______________. ​(Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as​ needed.)

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