Mathematics, 23.07.2021 20:20 pamisueparke

Jacob invest $500 at a rate of 2% per year compounded interest. Claudia invest $500 a rate of 2.5% for a year simple interest.
Calculate the difference between these two investments after 30 years.
Give your answer in dollars correct to the nearest cent.

Answers: 1

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Jacob invest $500 at a rate of 2% per year compounded interest. Claudia invest $500 a rate of 2.5%...

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Jacob invest $500 at a rate of 2% per year compounded interest. Claudia invest $500 a rate of 2.5% for a year simple interest. Calculate the difference between these two investments after 30 years.Give your answer in dollars correct to the nearest cent.​

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Another question on Mathematics

Jacob invest $500 at a rate of 2% per year compounded interest. Claudia invest $500 a rate of 2.5% for a year simple interest.
Calculate the difference between these two investments after 30 years.
Give your answer in dollars correct to the nearest cent.