peachesandfudge peachesandfudge

18-01-2023
Mathematics

Answered

Luke invested $86,000 in an account paying an interest rate of 5 ⅛ % compounded
continuously. Alexander invested $86,000 in an account paying an interest rate of 5 ⅝ % compounded annually. After 8 years, how much more money would Alexander
have in his account than Luke, to the nearest dollar?

Answer :

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