KASHBOYMEKHIIN KASHBOYMEKHIIN

Mathematics

Answered

Alang invested $47,000 in an account paying an interest rate of 4 1/2% compounded
annually. Amelia invested $47,000 in an account paying an interest rate of 3 7/8%
compounded continuously. After 18 years, how much more money would Alang have
in his account than Amelia, to the nearest dollar?

Answer :

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