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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Mar 18, 7:40:36 AM
O Watch help video
Owen invested $81,000 in an account paying an interest rate of 3 % compounded
continuously. Zoe invested $81,00o 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
P Type here to search
耳
53°F
hp
な米
te 10
144
トト
#3
&
7
2
3
4.
5
8
W
J
K
L
V
N M
D.
Transcribed Image Text:Mar 18, 7:40:36 AM O Watch help video Owen invested $81,000 in an account paying an interest rate of 3 % compounded continuously. Zoe invested $81,00o 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 P Type here to search 耳 53°F hp な米 te 10 144 トト #3 & 7 2 3 4. 5 8 W J K L V N M D.
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