Owen invested $81,000 in an account paying an interest rate of 3 frac{7}{8}3 8 7 % compounded continuously. Zoe invested $81,000 in an account paying an interest rate of 3 frac{1}{4}3 4 1 % compounded monthly. After 9 years, how much more money would Owen have in his account than Zoe, to the nearest dollar?

Mathematics, 28.11.2021 09:20, zafarm2oxgpmx

Owen invested $81,000 in an account paying an interest rate of 3\tfrac{7}{8}3 8 7 % compounded continuously. Zoe invested $81,000 in an account paying an interest rate of 3\tfrac{1}{4}3 4 1 % compounded monthly. After 9 years, how much more money would Owen have in his account than Zoe, to the nearest dollar?

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Owen invested $81,000 in an account paying an interest rate of 3\tfrac{7}{8}3 8 7 % compounded cont...