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19 votes
Abigail invested $77,000 in an account paying an interest rate of 8 3/8% compounded annually. Gavin invested $77,000 in an account paying an interest rate of 8 1/8% compounded monthly. After 14 years, how much more money would Gavin have in his account than Abigail, to the nearest dollar?

1 Answer

6 votes

Answer:

1831

Explanation:

answered
User Lion
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