Jackson invested $590 in an account paying an interest rate of 6 % compounded monthly. Ellie invested $590 in an account paying an interest rate of 61% compounded continuously. After 19 years, how much

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Mephy asked Jan 21, 2022

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Jackson invested $590 in an account paying an interest rate of 6 % compounded

monthly. Ellie invested $590 in an account paying an interest rate of 61%
compounded continuously. After 19 years, how much more money would Ellie have
in her account than Jackson, to the nearest dollar?

Mathematics
high-school

Mephy asked Jan 21, 2022

by Mephy

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23 votes

Answer:

$100

Explanation:

Amit Hagin answered Jan 28, 2022

by Amit Hagin

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