$2275.28
$1326.91
2,400
215
With compound interest - the balance after 7 years would be 26336.18
$74.90
$1326.91
1,820-apex test answer
Its where your savings account earns interest on the interest.
2,400
$43.20 more
775
Account B
A real "growth" of -0.0019%, approx.
An online money market account is basically putting your bank account online that is invested specifically for market. It would typically have higher interest rates for your savings that a typical bank account would.
savings account earns interest.
A savings account earns interest.
Interest rates vary depending on the bank the savings account is in. For a high yield savings account, interest rates can be from 0.95-3.0% annual percentage yield.