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Mathematics, 08.06.2021 02:00 benchang3621

Eli invested $37,000 in an account paying an interest rate of 6\tfrac{3}{4}6 4
3

% compounded quarterly. Xavier invested $37,000 in an account paying an interest rate of 6\tfrac{1}{4}6
4
1

% compounded annually. After 9 years, how much more money would Eli have in his account than Xavier, to the nearest dollar?

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Answers: 1

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Eli invested $37,000 in an account paying an interest rate of 6\tfrac{3}{4}6 4
3

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