question archive Laura deposits $10000 in a CD account at 3
Laura deposits $10000 in a CD account at 3
Subject:MathPrice:2.86 Bought5
Laura deposits $10000 in a CD account at 3.5% interest compounded quarterly. Her friend, Sam, wants to put in a smaller amount of money so that his account will equal hers in 50 years, yet his interest rate is only 2.8% interest (compounded quarterly). How much money does he need to put into his account so that they have the same amount of money?
