59.5k views
12 votes
Joshua invested $99,000 in an account paying an interest rate of 4\tfrac{1}{2}4 2 1 ​ % compounded continuously. Melanie invested $99,000 in an account paying an interest rate of 4\tfrac{5}{8}4 8 5 ​ % compounded quarterly. After 16 years, how much more money would Melanie have in her account than Joshua, to the nearest dollar?

User Gajo
by
3.3k points

2 Answers

4 votes

Answer: 3230

Is the answer

User Joe Holloway
by
3.2k points
7 votes

Answer: 3230

3230 in delta math

Explanation:

User Prasath S
by
3.9k points