Consider the balance two savings plans below. Compare the balances in each plan after 12 years. Which person deposited more

money in the plan? Which of the two investment strategies is better?

Yolanda deposits $350 per month in an account with an APR of 3 %, while Zach deposits $ 4200 at the end of each year in

an account with an APR 5 of %.

450 4 5400

1. The balance in Yolanda's saving plan after 12 years was $.

(Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.)

2. The balance in Zach's saving plan after 12 years was $ .

(Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.)

Which person deposited more money in the plan?

A. Yolanda deposited more money in her savings plan.

B. Zach deposited more money in his savings plan.

C. They deposited the same amount of money in their savings plans.