Finn has money to invest in one of two accounts for 1.5 years. Account 1 requires an investment of $1,175 and earns 4.2% interest compounded annually. Account 2 requires an investment of $1,200 and earns 4.1% interest compounded quarterly. Which account will earn more interest for Finn, and how much?

Answer rating: 100% (QA)

We can calculate the interest earned for each account and then compare them to see which one earns ... View the full answer