Julian invested $5,700 in an account paying an interest rate of 4\tfrac{1}{2}4
2
1

% compounded continuously. Brandon invested $5,700 in an account paying an interest rate of 4\tfrac{3}{4}4
4
3

% compounded quarterly. To the nearest hundredth of a year, how much longer would it take for Julian's money to double than for Brandon's money to double?

Question

31-03-2022
Mathematics

contestada

Julian invested $5,700 in an account paying an interest rate of 4\tfrac{1}{2}4
2
1

% compounded continuously. Brandon invested $5,700 in an account paying an interest rate of 4\tfrac{3}{4}4
4
3

% compounded quarterly. To the nearest hundredth of a year, how much longer would it take for Julian's money to double than for Brandon's money to double?

$Julian invested 5700 in an account paying an interest rate of 4tfrac124 2 1 compounded continuously Brandon invested 5700 in an account paying an interest rate class=$

Respuesta :

Otras preguntas

the average distance between earth and its moon is 384,000,000 meters. express this distance in kilometers

How we increase our vocabulary ? anyone give me vocabulary word for high standards vocabul

A client has just been told that he has an infection of the inner surface of the heart. He is also told that the bacteria has invaded his heart valves. What ter

Which choice is equivalent to the product below when x>0?

Suppose you are the president of the student government. you wish to conduct a survey to determine the student body's opinion regarding student services. the a

1/3 + 3/9 equals what?

Which of the following conditions can help prolong the life of a cartel? A. There are many firms in the market that are not members of the cartel. B. There are

Which is the graph of f(x) = x?

Effective collaboration requires a proactive and holistic strategy that integrates business goals and technology potential. T/F

Escuchar Read the sentence beginnings. Then listen to the graduation speech by a professor at Universidad Central and select the appropriate ending for each se

ACCESS MORE EDU ACCESS Universidad de Mexico

ewomazinoade ewomazinoade · Answer 1 · 2022-04-01T12:35:26+02:00

The time it would take for Julian's money to double than for Brandon's money to double is 0.81 years.

What is the difference in doubling time for Julian and Brandon?

The formula that can be used to determine the doubling time is

Number of years = (In FV/PV) / r

FV = future value
PV = present value
r = interest rate
FV / PV = 2

(In 2/ 0.0475) - (In 2/ 0.045) - (In 2/ 0.0475)

= 14.59 - 15.40

= 0.81 years

To learn more about how to determine the number of years, please check: https://brainly.com/question/21841217