Transcribed Image Text: Seth’s parents gave him $5000 to invest for his

Transcribed Image Text: Seth’s parents gave him $5000 to invest for his
16th birthday. He is considering two investment
options. Option A will pay him 4.5% interest
compounded annually. Option B will pay him
4.6% compounded quarterly. Write a function of
option A and option B that calculates the value of
each account after n years. Seth plans to use the
money after he graduates from college in 6 years.
Determine how much more money option B will
earn than option A to the nearest cent.
Algebraically determine, to the nearest tenth of a
year, how long it would take for option B to double
Seth’s initial investment.

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