Mathematics, 09.03.2021 19:00 charmrenee

Melanie invested $63,000 in an account paying an interest rate of 7 1/8% compounded quarterly. Lillian invested $63,000 in an account paying an interest rate of 7 3/8%
compounded continuously. After 15 years, how much more money would Lillian have
in her account than Melanie, to the nearest dollar?

Answers: 2

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Melanie invested $63,000 in an account paying an interest rate of 7 1/8% compounded quarterly. Lillian invested $63,000 in an account paying an interest rate of 7 3/8% compounded continuously. After 15 years, how much more money would Lillian have in her account than Melanie, to the nearest dollar?

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Another question on Mathematics

Melanie invested $63,000 in an account paying an interest rate of 7 1/8% compounded quarterly. Lillian invested $63,000 in an account paying an interest rate of 7 3/8%
compounded continuously. After 15 years, how much more money would Lillian have
in her account than Melanie, to the nearest dollar?