Respuesta :
The money would Katherine have in her account than Hannah, to the nearest dollar 1289.
We have given that,
Hannah invested $49,000 in an account paying an interest rate of 4% compounded continuously.
Katherine invested $49,000 in an account paying an interest rate of 4% compounded monthly.
What is the compounded monthly?
Interest is often compounded more than once a year. In many cases, it is compounded monthly, which means that the interest is added back to the principal each month.
Hannah invested $49,000 in an account paying an interest rate of 4% compounded continuously.
The money would Katherine have in her account than Hannah, to the nearest dollar 1289.
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