Melanie invested $9,800 in an account paying an interest rate of 4 1 2 4 2 1 % compounded quarterly. Amelia invested $9,800 in

Question

3 years ago

8

Melanie invested $9,800 in an account paying an interest rate of 4 1 2 4 2 1 % compounded quarterly. Amelia invested $9,800 in

an account paying an interest rate of 4 3 4 4 4 3 % compounded continuously. After 20 years, how much more money would Amelia have in her account than Melanie, to the nearest dollar?

Mathematics

1 answer:

Gnom [1K] · Answer 1 · 2022-06-16T00:31:52+03:00

Gnom [1K]3 years ago

5 0

Step-by-step explanation:

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Melanie invested $9,800 in an account paying an interest rate of 4 1 2 4 2 1 ​ % compounded quarterly. Amelia invested $9,800 in

Melanie invested $9,800 in an account paying an interest rate of 4 1 2 4 2 1 % compounded quarterly. Amelia invested $9,800 in