Mathematics, 08.04.2021 04:40 colton6926

Kayla invested $88,000 in an account paying an interest rate of 8\tfrac{1}{8}8 8
1

% compounded daily. Sadie invested $88,000 in an account paying an interest rate of 8\tfrac{5}{8}8
8
5

% compounded quarterly. After 16 years, how much more money would Sadie have in her account than Kayla, to the nearest dollar?

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Kayla invested $88,000 in an account paying an interest rate of 8\tfrac{1}{8}8 8
1

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