Mathematics, 20.03.2021 04:20 cammiehullett2610

Ian invested $20,000 in an account paying an interest rate of 3% compounded continuously. Lauren invested $20,000 in an account paying an interest rate of 31%
compounded monthly. After 20 years, how much more money would Lauren have in
her account than Ian, to the nearest dollar?

Answers: 3

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Ian invested $20,000 in an account paying an interest rate of 3% compounded continuously. Lauren invested $20,000 in an account paying an interest rate of 31% compounded monthly. After 20 years, how much more money would Lauren have in her account than Ian, to the nearest dollar?

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Another question on Mathematics

Ian invested $20,000 in an account paying an interest rate of 3% compounded continuously. Lauren invested $20,000 in an account paying an interest rate of 31%
compounded monthly. After 20 years, how much more money would Lauren have in
her account than Ian, to the nearest dollar?