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Avery invested $8,600 in an account paying an interest rate of 3 1/2 % compounded monthly. Anthony invested $8,600 in an account paying an interest rate of 3 3/8% compounded quarterly. After 9 years, how much more money would Avery have in her account than Anthony, to the nearest dollar?

Avery would have $120.4 more than Anthony.

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

Considering Avery's investment,

P = 8600

r = 3.5% = 3.5/100 = 0.035

n = 12 because it was compounded 12 times in a year.

t = 9 years

Therefore,.

A = 8600(1+0.035/12)^12 × 9

A = 8600(1.0029)^108

A = 8600(1.0029)^108

A = 8600 × 1.367

A = $11756.2

Considering Anthony's investment,

P = 8600

r = 3.375% = 3.375/100 = 0.03375

n = 4 because it was compounded 4 times in a year.

t = 9 years

Therefore,.

A = 8600(1+0.03375/4)^4 × 9

A = 8600(1+ 0.0084375^36

A = 8600(1.0084375)^36

A = 8600 × 1.353

A = $11635.8

The difference in the amount in both accounts is

11756.2 - 11635.8 = $120.4

the central idea is that:

individuals should refuse to cooperate with institutions they believe unjust.

thoreau felt  that governments were more often agents of corruption than justice, even democracies, and that just because the majority feels a certain way does not make it just or correct in absolute terms. he uses the fact that slavery exists in our democracy to support this idea.

he goes on to say that, as a result, people should live true to their own internal laws regarding right and wrong, as a product of reflection and a moral life, rather than following every law that society imposes. 

step-by-step explanation: