Suppose that Nora invested $900 at 9.25% compounded annually for 9 years and Patti invested $900 at 9% compounded quarterly for 9 years. At the end of 9 years, who will have the most money and by how much (to the nearest dollar)?
A. Nora by $10
B. Patti by $3
C. Nora by $3
D. Patti by $10
E. They will have equal amounts of money.
Answer: D
Mathematics
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