Aubree invested $27,000 in an account paying an interest rate of 8 frac{1}{4}8 4 1 % compounded monthly. Addison invested $27,000 in an account paying an interest rate of 8 frac{5}{8}8 8 5 % compounded continuously. After 20 years, how much more money would Addison have in her account than Aubree, to the nearest dollar?

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Mathematics, 02.12.2020 09:50 nisha87

Aubree invested $27,000 in an account paying an interest rate of 8\tfrac{1}{4}8 4 1 % compounded monthly. Addison invested $27,000 in an account paying an interest rate of 8\tfrac{5}{8}8 8 5 % compounded continuously. After 20 years, how much more money would Addison have in her account than Aubree, to the nearest dollar?

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