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Dominic invested $9,400 in an account paying an interest rate of 4 % compounded continuously. Alexandra invested $9,400 in an account paying an interest rate of 4 % compounded quarterly. After 16 years,
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Dominic invested $9,400 in an account paying an interest rate of 4 % compounded

continuously. Alexandra invested $9,400 in an account paying an interest rate of 4
% compounded quarterly. After 16 years, how much more money would Dominic
have in his account than Alexandra, to the nearest dollar?

User Bdls
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1 Answer

6 votes

Answer:

1648

Explanation:

User Tomos Williams
by
5.1k points
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