Math Homework Answers - Recent questions tagged exponential growth
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Powered by Question2AnswerJuan and Michelle each have $800. Juan plans to invest $200 for each year of the next four years, while Michelle plans to invest all $800 now. Both accounts pay 3% annual interest compounded monthly.
https://www.mathhomeworkanswers.org/262891/michelle-michelle-accounts-annual-interest-compounded-monthly
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<li>Juan and Michelle each have $800. Juan plans to invest $200 for each year of the next four years, while Michelle plans to invest all $800 now. Both accounts pay 3% annual interest compounded monthly. Will they have the same amount of money after four years? Explain why or why not.</li>
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<p>please explain and show work</p>Calculus Answershttps://www.mathhomeworkanswers.org/262891/michelle-michelle-accounts-annual-interest-compounded-monthlyFri, 19 Jul 2019 19:00:40 +0000