Cam and Madison were investing money into two different

Last updated: 7/12/2022

Cam and Madison were investing money into two different accounts. They both invested $550 each. Cam invested into an account at an annual interest rate of 2.7% compounded monthly and Madison invested into an account that had an annual interest rate of 3% compounded quarterly. Which statement below best describes the two accounts after 5 years? Cam's account has approximately $60 more after 5 years than Madison's account. Madison's account has approximately $9 more after 5 years than Cam's account. Cam's account has approximately $12 more after 5 years than Madison's account. Madison's account has approximately $80 more after 5 years than Sal's account.