Owen invested $81,000 in an account paying an interest rate of 3 % compounded continuously. Zoe invested $81,000 in an account paying an interest rate of 3-% compounded monthly. After 9 years, how much more money would Owen have in his account than Zoe, to the nearest dollar? Answer: Submit Answer attempt 1 out of 2
Owen invested $81,000 in an account paying an interest rate of 3 % compounded continuously. Zoe invested $81,000 in an account paying an interest rate of 3-% compounded monthly. After 9 years, how much more money would Owen have in his account than Zoe, to the nearest dollar? Answer: Submit Answer attempt 1 out of 2
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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