Carl placed $900 in a brokerage account that has been increasing its value by 16% per year. At the same time, Brad began placing $900 under a mattress at the beginning of each year. Who had more money...

Extracted text: Carl placed $900 in a brokerage account that has been increasing its value by 16% per year. At the same time, Brad began placing $900 under a mattress at the beginning of each year. Who had more money after 22 years, and by how much? a. Brad, by about $1600 b. Carl, by about $1600 c. Carl, by about $3800 d. Brad, by about $3800