Lincoln invested $49,000 in an account paying an interest rate of 6\tfrac{1}{8}6
8
1
...
Mathematics, 20.04.2021 17:20 aaronk1120
Lincoln invested $49,000 in an account paying an interest rate of 6\tfrac{1}{8}6
8
1
% compounded daily. Eli invested $49,000 in an account paying an interest rate of 5\tfrac{5}{8}5
8
5
% compounded continuously. After 20 years, how much more money would Lincoln have in his account than Eli, to the nearest dollar?
Answers: 2
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