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Angela has deposited $\$8,\!000$ into an account that pays $6\%$ interest compounded annually.

 

Bob has deposited $\$10,\!000$ into an account that pays $8\%$ interest compounded annally.

 

In $20$ years Angela and Bob compare their respective balances. To the nearest dollar, what is the positive difference between their balances?

 Feb 4, 2021
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Angela balance after 20 years      8000 (1 + .06)^20= $........

Bob's balance                            10 000  (1+.08)^20 = $ .......      you can take it from here ....

 Feb 4, 2021

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