Suppose you put money into two different bank accounts. In Account #1 you deposit $500 and you will be earning 6% interest compounded quarterly. In Account #2 you deposit $600 and you will be earning 5% interest compounded annually. Which statement below best describes the relationship between the amount of money in Account #1 and Account #2 after 10 years have passed? Assume that during these years you do not withdraw any money. (1 point) Responses Account #1 will have approximately $397 less than Account #2. Account #1 will have approximately $397 less than Account #2. Account #1 will have approximately $82 more than Account #2. Account #1 will have approximately $82 more than Account #2. Account #1 will have approximately $70 less than Account #2. Account #1 will have approximately $70 less than Account #2. Account #1 and Account #2 will have approximately the same amount of money in them.
CHOOSE ONE