Rockafella Savings and Loans offers its mostesteemed depositors an APR of 2.45%compounded continuously. Both Jay...
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Algebra
Rockafella Savings and Loans offers its mostesteemed depositors an APR of 2.45%compounded continuously. Both Jay and Nelsondeposited $50,000 into such an account, but Jayplans to let it accrue interest for 15 years, whileNelson plans to withdraw his money in 20 years.Compared to Jay's final amount, how muchmore money will Nelson have when hewithdraws all his money?
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