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.

Guest May 28, 2021

#1**+1 **

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 e^{16(.0921) }You can take from here I expect......

ElectricPavlov May 28, 2021