Mary Kate and Ashley discover they have $40,000 from their Full House days that they haven't used. They decide to split the money evenly and invest. Mary Kate plans to invest her half into an account that pays 3% annual interest compounded continuously Ashley plans to invest her $20,000 into an account that pays 3.2% and is compounded quarterly. Which of the following is true about the money that will be earned in 10 years? O Mary Kate will earn about $510 more than Ashley. O Ashley will earn about $526 more than Mary Kate. O Mary Kate will earn about $526 more than Ashley. O Mary Kate will earn about $1021 more than Ashley. O Ashley will eam about $1021 more than Mary Kate. O Ashley will earn about $510 more than Mary Kate.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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Mary Kate and Ashley discover they have $40,000 from their Full House days that they haven't used. They decide to split the money evenly and invest.
Mary Kate plans to invest her half into an account that pays 3% annual interest compounded continuously. Ashley plans to invest her $20,000 into an
account that pays 3.2% and is compounded quarterly. Which of the following is true about the money that will be earned in 10 years?
O Mary Kate will earn about $510 more than Ashley
O Ashley will earn about $526 more than Mary Kate.
O Mary Kate will earn about $526 more than Ashley.
O Mary Kate will earn about $1021 more than Ashley.
O Ashley will earn about $1021 more than Mary Kate.
O Ashley will earn about $510 more than Mary Kate.
1
3
7
9.
10
Nex
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earch
73
近
Transcribed Image Text:Mary Kate and Ashley discover they have $40,000 from their Full House days that they haven't used. They decide to split the money evenly and invest. Mary Kate plans to invest her half into an account that pays 3% annual interest compounded continuously. Ashley plans to invest her $20,000 into an account that pays 3.2% and is compounded quarterly. Which of the following is true about the money that will be earned in 10 years? O Mary Kate will earn about $510 more than Ashley O Ashley will earn about $526 more than Mary Kate. O Mary Kate will earn about $526 more than Ashley. O Mary Kate will earn about $1021 more than Ashley. O Ashley will earn about $1021 more than Mary Kate. O Ashley will earn about $510 more than Mary Kate. 1 3 7 9. 10 Nex Support | Schoology Blog | PRIVACY POLICY | Terms of Use earch 73 近
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