Question:
Frank invests $2,500 in an account that has an annual
Last updated: 7/16/2022
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Frank invests $2,500 in an account that has an annual interest rate of 5.4% compounded continuously. Hannah invests $3,000 in an account that has an annual interest rate of 3.2% compounded quarterly. Which of the following statements is true when comparing the amount of money in the two accounts after 10 years? After 10 years Hannah has about $164 more than Frank. After 10 years Frank and Hannah have the same amount of money in their accounts. After 10 years Frank has about $164 more than Hannah. After 10 years Frank has about $500 more than Hannah.