asked 175k views
18 votes
Jace invested $67,000 in an account paying an interest rate of 5 5/8% compounded monthly. Joseph invested $67,000 in an account paying an interest rate of 6 1/4% compounded continuously. After 18 years, how much more money would Joseph have in his account than Jace, to the nearest dollar?

asked
User Dannrob
by
8.0k points

1 Answer

12 votes

Answer:

$22395

Explanation:

answered
User Betjens
by
8.3k points
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