Aubree invested $1,000 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 % compounded daily. Mia invested $1,000 in

Question

3 years ago

14

Aubree invested $1,000 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 % compounded daily. Mia invested $1,000 in

an account paying an interest rate of 6\tfrac{3}{8}6 8 3 % compounded quarterly. After 11 years, how much more money would Mia have in her account than Aubree, to the nearest dollar?

Mathematics

1 answer:

aleksklad [387] · Answer 1 · 2022-10-28T04:13:55+03:00

aleksklad [387]3 years ago

7 0

Answer: $17

Step-by-step explanation:

Aubree invested $1,000 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 ​ % compounded daily. Mia invested $1,000 in

Aubree invested $1,000 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 % compounded daily. Mia invested $1,000 in