Sebastian invested $7,100 in an account paying an interest rate of 8 1 4 \% compounded monthly. Eva invested $7,100 in an account paying an interest rate of 8 1 2 \% compounded continuously After 5 years, how much more money would Eva have in her account than Sebastian, to the nearest dollar?

Given:

Sebastian :

Principal(invested)= $7,100

Rate of interest=  8.14% compounded monthly

Eva:

Principal(invested)= $7,100

Rate of interest= 8.12% compounded continuously

Step-by-step explanation:

After 5 years,

In Sebastian case:

Amount= Principal*

Amount = 7100*

Amount= 7100*

Amount=7100*109.4415

Amount= $777,034.43

In Eva case,

Amount= Principal*

Amount = 7100*

Amount= 7100*130.5818

Amount= $927,130.92

Difference between their money=$927,130.92-777034.43

                                                 =$150,096.49

Eva has $150,096 more money than Sebastian.

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step-by-step explanation: