Vanessa deposits $24,000 into each of two savings accounts.
Account I earns 2.4% interest compounded annually.
Account II earns 2.4% annual simple interest.
There are no additional deposits or withdrawals.
What is the sum of the balances of these accounts at the end of 5 years?
$53,760.00
$53,901.59
$54,043.20
$56,640.00