Question:

Jocelyn invested $56,000 in an account paying an interest

Last updated: 8/11/2022

Jocelyn invested $56,000 in an account paying an interest

Jocelyn invested $56,000 in an account paying an interest rate of 7(3/8)% compounded continuously. Oliver invested $56,000 in an account paying an interest rate of 7(1/4)% compounded monthly. After 13 years, how much more money would Jocelyn have in her account than Oliver, to the nearest dollar?