Jacob invests $3,500 in an account that has an annual

Last updated: 7/17/2022

Jacob invests $3,500 in an account that has an annual interest rate of 4.8% compoundec monthly. Addison invests $4,200 in an account that has an annual interest rate of 3.2% compounded continuously. Which of the following statements is true when comparing the amount of money in the two accounts after 10 years? After 10 years Addison has about $700 more than Jacob. After 10 years Jacob has about $74 more than Addison. After 10 years Addison has about $133 more than Jacob. After 10 years Addison and Jacob have the same amount of money in their accounts.