juliana112 juliana112

01-04-2024
Mathematics

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Jaxon invested $77,000 in an account paying an interest rate of 6, one half6
2
1

% compounded quarterly. London invested $77,000 in an account paying an interest rate of 6, one eigth6
8
1

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

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