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Luke invests $4200 in an account that has an annual interest rate of 2.8%compounded semi-annually....

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Basic Math

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Luke invests $4200 in an account that has an annual interest rate of 2.8%compounded semi-annually. Todd invests $3900 into an account that hasan annual interest rate of 3.3% and is compounded continuously. After 8years what is the difference between the two accounts?Todd has approximately $1.361 more in his account than Luke after 8 years.Luke has approximately $168 more in his account than Todd after 8 years.Luke has approximately $300 more in his account than Todd after 8 years.Both Todd and Luke have the same amount of money in their accounts after 8 years.

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