Appa deposits $4000 in an account earning 3.6% interest compounded monthly. How much will Appa have in the account in 1 year? Bash deposits $4000 in an account earning 3.6% interest compounded daily. How much will Bash have in the account in 1 year? How much more does Bash make than Appa? (to the nearest cent)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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Appa deposits $4000 in an account earning 3.6% interest compounded monthly. How much will Appa have in the account in 1 year? Bash deposits $4000 in an account earning 3.6% interest compounded daily. How much will Bash have in the account in 1 year? How much more does Bash make than Appa? (to the nearest cent)
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