liam invested 41,200 IN AN ACCOUNT PAYING AN INTEREST RATE OF 8.75% compounded monthly. camila invested $1,200 in an account paying an interest of 9.21% compounded continuously. after 16 years, how much money would camilla have in his account more than liam, to the nearest dollar.
+36916 I will assume they both invested 1200 and the '4' in your question was supposed to be a dollar sign
After 16 years
Liam has 1200 (1 + .0875/12)(16*12)
Camilla has 1200 e16(.0921) You can take from here I expect......
