24haberkorna 24haberkorna

16-11-2022
Mathematics

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Brandon invested $1,100 in an account paying an interest rate of 7\tfrac{3}{4}7
4
3

% compounded continuously. Julian invested $1,100 in an account paying an interest rate of 8\tfrac{1}{4}8
4
1

% compounded monthly. After 18 years, how much more money would Julian have in his account than Brandon, to the nearest dollar?

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