Mathematics, 15.04.2021 05:40, connorgking
Belle decided to start a new investment account. She deposits $1,000 into an account that earns 3.5% interest, compounded quarterly for 10 years. How much more would she have earned, in interest, if she invested the same amount into an account earning 3.8% interest, compounded monthly, for the same number of years?
a
$44.50
b
$350
c
$1,416.91
d
1,461.41
Answers: 2
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