Riley invested $5,100 in an account paying an interest rate of 7-% compounded quarterly. Ryan invested $5,10o in an account paying an interest rate of 7 % compounded daily. After 7 years, how much more money would Riley have in her account than Ryan, to the nearest dollar?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Penálty: None
Jeremy Nicolia
Compounding - Compare Accounts (Level 1)
Mar 16, 10:25:08 AM
O Watch help video
Riley invested $5,100 in an account paying an interest rate of 7 % compounded
quarterly. Ryan invested $5,10o in an account paying an interest rate of 7-%
compounded daily. After 7 years, how much more money would Riley have in her
account than Ryan, to the nearest dollar?
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米
144
%23
%24
4
7
8
R
T.
Y
U
(0
Transcribed Image Text:Record: 0/3 Score: ô Penálty: None Jeremy Nicolia Compounding - Compare Accounts (Level 1) Mar 16, 10:25:08 AM O Watch help video Riley invested $5,100 in an account paying an interest rate of 7 % compounded quarterly. Ryan invested $5,10o in an account paying an interest rate of 7-% compounded daily. After 7 years, how much more money would Riley have in her account than Ryan, to the nearest dollar? Answer: Submit Answer attempt 1 out of 2 Privacy Policy Terms of Service P Type here to search 米 144 %23 %24 4 7 8 R T. Y U (0
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