Consider the two savings plans below. Compare the balances in each plan after 8 years. Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $100
per month in an account with an APR of 5%, while Zach deposits $ 1000 at the end of each year in an account with an APR of 5.5 %. The balance in Yolanda 's saving plan after 8 years was $
.
(Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.)
