Consider the two savings plans below. Compare the balances in each plan after 8 years. Which person deposited more

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

Yolanda deposits $300 per month in an account with an APR of 5%, while Zack deposits $4000 at the end of each year in

an account with an APR of 5.5%.

1. The balance in Yolanda 's saving plan after years 8 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 Zack 's saving plan after 8 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 savings plan. her

B. Zach deposited more money in savings plan. his

C. Neither, they deposited the same amount of money in their savings plans.

Which of the two investment strategies was better?

A. Neither plan was better than the other because both plans yield the same total return after 6

years.

B. Yolanda's investment strategy was better because had a larger total return after years. she 6

C. Zach's investment strategy was better because had a larger total return after years. he 6