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Sagot :
Answer:
$699
Step-by-step explanation:
15825.8693-15126.9611
698.9082 (round to nearest dollar)
Answer: $699
After 7 years, the amount of money that Noah would have more than Samuel would be $698.91.
How much more money would Noah have?
The formula for calculating future value:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
Difference in amount = 9200x [(1.0059375^84) - (1.0002123287^2555)] =$698.91
To learn more about future value, please check: https://brainly.com/question/18760477
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