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A person deposits $2000 split between two bank accounts - both advertising a rate of 5%. On account A - interest is compounded semi-annually - while on account B - interest is compounded daily (assume a 365- day year). How much more money will there be in account B than in account A at the end of the year?

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A person deposits $2000 split between two bank accounts - both advertising a rate of 5%. On account A - interest is compounded semi-annually - while on account B - interest is compounded daily (assume a 365- day year). How much more money will there be in account B than in account A at the end of the year?






 
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