Kutter invests $ 368 in a savings account that earns 1.3 % compounded annually. Olivia invests...

Kutter invests $ 368 in a savings account that earns 1.3 % compounded annually. Olivia invests $ 368 in a savings account that earns 7.6 % compounded annually. How much more does Olivia have after 15 years?

$___________ (round to the nearest cent)

Expert Solution

olivias Account balance=$1104.16

kutter's Account balance = $446.67

olivia will have $ 657.5 more than kutter.

workings are done in excel. its shown below

jeff jeffy answered 1 year ago

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