Hannah invested $32,000 in an account paying an interest rate of 2 ¼ % compounded quarterly. Mila invested $32,000 in an account

Question

Hannah invested $32,000 in an account paying an interest rate of 2 ¼ % compounded quarterly. Mila invested $32,000 in an account paying an interest rate of 1⅝% compounded continuously. After 13 years, how much more money would Hannah have in her account than Mila, to the nearest dollar?

Kunduz · Accepted Answer

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