Mathematics, 11.12.2020 08:00 marioagundis0998
Sean plans to invest $8,000 in a savings account that pays 6% compounded quarterly. His friend
suggests that he invest in an account with the same interest rate that pays interest compounded
monthly. How much more interest will he earn at the end of 7 years if he follows his friend's
advice? Round your answer to the nearest cent.
Answers: 2
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Sean plans to invest $8,000 in a savings account that pays 6% compounded quarterly. His friend
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