# Comparing Accounts Laurie Campbell deposits $12,000 at the end of each year for 9 years in an account paying 8% interest compounded annually…..

**Question:**

Comparing Accounts Laurie Campbell deposits $12,000 at the end of each year for 9 years in an account paying 8% interest compounded annually.

a. Find the final amount she will have on deposit.

b. Laurie’s brother-in-law works in a bank that pays 6% compounded annually. If she deposits money in this bank instead of the one above, how much will she have in her account?

c. How much would Laurie lose over 9 years by using her brother-in-law’s bank?

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