William invested $2,300 in an account paying an interest rate of 2% compounded quarterly. Nolan invested $2,300 in an account

Question

William invested $2,300 in an account paying an interest rate of 2% compounded quarterly. Nolan invested $2,300 in an account paying an interest rate of 2(3/4)% compounded monthly. After 20 years, how much more money would Nolan have in his account than William, to the nearest dollar?

Kunduz · Accepted Answer

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