pradolaura206 pradolaura206

03-05-2024
Mathematics

Answered

Michael invested $1,600 in an account paying an interest rate of 7.25% compounded continuously Eric invested $ 1,600 in an account paying an interest rate of 6.5% compounded monthly. Then 14 years, how much more money would Michael have In his account than Eric, to the nearest dollar?
a) Michael would have in his account.
B) Bric would have in his account.
C) Michael would have more dollars than EriC.

Answer :

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