Ian invested $20,000 in an account paying an interest rate of 3 frac{1}{4}3 4 1 % compounded continuously. Lauren invested $20,000 in an account paying an interest rate of 3 frac{7}{8}3 8 7 % compounded monthly. After 20 years, how much more money would Lauren have in her account than Ian, to the nearest dollar?

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Mathematics, 13.05.2021 14:00 yyyyyyyyy8938

Ian invested $20,000 in an account paying an interest rate of 3\tfrac{1}{4}3 4 1 % compounded continuously. Lauren invested $20,000 in an account paying an interest rate of 3\tfrac{7}{8}3 8 7 % compounded monthly. After 20 years, how much more money would Lauren have in her account than Ian, to the nearest dollar?

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Ian invested $20,000 in an account paying an interest rate of 3\tfrac{1}{4}3 4 1 % compounded cont...