Jose invested $5,100 in an account paying an interest rate of 8 % compounded quarterly. Michael invested $5,100 in an account paying an interest rate of 83% compounded monthly. To the nearest dollar, how

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Motassem Kassab asked Nov 17, 2023

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Jose invested $5,100 in an account paying an interest rate of 8 % compounded

quarterly. Michael invested $5,100 in an account paying an interest rate of 83%
compounded monthly. To the nearest dollar, how much money would Michael have
in his account when Jose's money has doubled in value?

Mathematics
college

Motassem Kassab asked Nov 17, 2023

by Motassem Kassab

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Answer:

I think he will have 6,56$

Tel answered Nov 21, 2023

by Tel

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