At caliope financial you may invest in either account a or


Question: At Caliope Financial, you may invest in either Account A or Account B. Account A offers simple interest at 4.5% annually, and Account B offers compound interest at 3.6% annually. The interest rates are relative to the time of initial investment at the bank. You are allowed to transfer your money between these accounts at any time. To maximize your investment, you should first invest in Account A and then move your money to Account B at some time T > 0. If you invest $10000 initially, what is the maximum amount of money you could get from investing in these accounts for 10 years?

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Finance Basics: At caliope financial you may invest in either account a or
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