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Melanie invested $3,800 in an account paying an interest rate of 2% compounded quarterly. Sebastian invested $3,800 in an account paying an interest rate of 2% compounded monthly. After 6 years, how much
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Melanie invested $3,800 in an account paying an interest rate of 2% compounded

quarterly. Sebastian invested $3,800 in an account paying an interest rate of 2%
compounded monthly. After 6 years, how much more money would Sebastian have in
his account than Melanie, to the nearest dollar?

User Theodore Hong
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2 Answers

4 votes

Answer:101

Step-by-step explanation:

User Teo Sartori
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3.9k points
7 votes

Answer:

101

Explanation:

User Krishnakant Dalal
by
4.5k points
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