Eli invested $37,000 in an account paying an interest rate of 6 frac{3}{4}6 4 3 % compounded quarterly. Xavier invested $37,000 in an account paying an interest rate of 6 frac{1}{4}6 4 1 % compounded annually. After 9 years, how much more money would Eli have in his account than Xavier, to the nearest dollar?

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Mathematics, 28.01.2021 18:50 vannitling12p4w44f

Eli invested $37,000 in an account paying an interest rate of 6\tfrac{3}{4}6 4 3 % compounded quarterly. Xavier invested $37,000 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 % compounded annually. After 9 years, how much more money would Eli have in his account than Xavier, to the nearest dollar?

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