Account 1 earns 4% annual simple interest.

• Account 2 earns 4% interest compounded annually.

Marc does not make any additional deposits or withdrawals. What is the sum of the

balances of Account 1 and 2 at the end of 3 years?

• Account 2 earns 4% interest compounded annually.

Marc does not make any additional deposits or withdrawals. What is the sum of the

balances of Account 1 and 2 at the end of 3 years?