juan and michelle each have 800 juan plans to invest 200 for each year of the next four years while michelle plans to invest all 800 now

Juan and Michelle each have $800. Juan plans to invest $200 for each year of the next four years, while Michelle plans to invest all $800 now. Both accounts pay 3% annual interest compounded monthly. Will they have the same amount of money after four years? Explain why or why not.

 

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