Dylan invested $700 in an account paying an interest rate of 1(3/4) % compounded quarterly....

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Calculus

Dylan invested $700 in an account paying an interest rate of 1(3/4) % compounded quarterly. Sebastian invested $700 in an account paying an interest rate of 1(1/4)% compounded daily. After 12 years, how much more money would Dylan have in his account than Sebastian, to the nearest dollar?

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Dylan invested $700 in an account paying an interest rate of 1(3/4) % compounded quarterly. Sebastian invested $700 in an account paying an interest rate of 1(1/4)% compounded daily. After 12 years, how much more money would Dylan have in his account than Sebastian, to the nearest dollar?

Dylan invested $700 in an account paying an interest rate of 1(3/4) % compounded quarterly....

60.1K

Verified Solution

Question

Calculus

Dylan invested $700 in an account paying an interest rate of 1(3/4) % compounded quarterly. Sebastian invested $700 in an account paying an interest rate of 1(1/4)% compounded daily. After 12 years, how much more money would Dylan have in his account than Sebastian, to the nearest dollar?

Answer & Explanation Solved by verified expert

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