+956 https://gyazo.com/a9329895d11aa0c4e0a2bdc180fbec8e
I'm really stuck on this one, if you guys could help me, I would really appreciate it. Thank you!
Account 1 will be worth =$2,000 x 1.06 =$2,120 in exactly one year
Account 2 will be worth=2,000 x [1 + 0.06/12]^n =$2,120, solve for n
$2,120 =$2,000 x 1.005^n divide both sides by 2,000
1.06 = 1.005^n take the log of both sides
n =Log(1.06) / Log(1.005)
n =11.68 months. After 11.68 months, or round it to 12 months, account 2 will be worth more than account 1.
