Abigail invested $77,000 in an account paying an interest rate of 8\tfrac{3}{8}8
8
3
...
Mathematics, 16.04.2021 17:00 lujaynsparkles
Abigail invested $77,000 in an account paying an interest rate of 8\tfrac{3}{8}8
8
3
% compounded annually. Gavin invested $77,000 in an account paying an interest rate of 8\tfrac{1}{8}8
8
1
% compounded monthly. After 14 years, how much more money would Gavin have in his account than Abigail, to the nearest dollar?
Answers: 3
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