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Jacob invests $3,500 in an account that has an annual interest rate of 4.8% compoundec...

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Basic Math

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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.

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