document.write( "Question 1159176: Aaron invested $7,000 in an account paying an interest rate of 3 5/8 compounded continuously. Mia invested $7,000 in an account paying an interest rate of 3 3/4% compounded monthly. After 17 years , how much more money would Mia have in her account than aaron, to the nearest dollar? \n" ); document.write( "

Algebra.Com's Answer #782161 by ikleyn(52803) $\"\"$ $\"About$

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document.write( "3% = 0.03625.\r\n" );
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document.write( "Aaron's account after 17 years  A =  =  = 12963.79 dollars.\r\n" );
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document.write( "3% = 0.0375.\r\n" );
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document.write( "Mia's account after 17 years M =  = 13229.06 dollars.\r\n" );
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document.write( "Mia - Aaron (the difference) is  13229.06 - 12963.79 = 265.27, or, rounded to the nearest dollar, 265 dollars.    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "On discretely compounded and continuously compounded accounts see the lessons\r
\n" ); document.write( "\n" ); document.write( "    - Problems on discretely compound accounts \r
\n" ); document.write( "\n" ); document.write( "    - Problems on continuously compound accounts \r
\n" ); document.write( "\n" ); document.write( "in this site.\r
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\n" ); document.write( "\n" ); document.write( "Also, you have this free of charge online textbook in ALGEBRA-I in this site\r
\n" ); document.write( "\n" ); document.write( "    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r
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\n" ); document.write( "\n" ); document.write( "The referred lessons are the part of this online textbook under the topic \"Logarithms\".\r
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\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I
\n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r
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\n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r
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