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Hannah invested $32,000 in an account paying an interest rate of 2 % compounded quarterly. Mila invested $32,000 in an account paying an interest rate of 1% compounded continuou…

Hannah invested $32,000 in an account paying an interest rate of 2 % compounded quarterly. Mila invested $32,000 in an account paying an interest rate of 1% compounded continuou…
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Hannah invested $32,000 in an account paying an interest rate of 2 % compounded

quarterly. Mila invested $32,000 in an account paying an interest rate of 1%
compounded continuously. After 13 years, how much more money would Hannah
have in her account than Mila, to the nearest dollar?

asked
User Rich P
by
8.2k points

1 Answer

4 votes

Answer: the answer is 3311

answered
User Andrey Nudko
by
8.6k points
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