zack8358 zack8358

23-01-2024
Mathematics

contestada

Caroline invested $80,000 in an account paying an interest rate of 8.125% compounded daily. Qasim invested $80,000 in an account paying an interest rate of 7.75% compounded quarterly. After 10 years, how much more money would Caroline have in her account than Qasim, to the nearest dollar?
a) $7,062
b) $8,315
c) $9,508
d) $10,721

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