Hardy Marsh
08/25/2023 · Middle School

Compare the investment below to an investment of the same principal at the same rate compounded annually. principal: \( \$ 7,000 \), annual interest: \( 7 \% \), interest periods: 4 , number of years: 13 After 13 years, the investment compounded periodically will be worth \( \$ \square \) more than the investment compounded annually. (Round to two decimal places as needed.)

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The investment compounded periodically will be worth approximately $385.00 more than the investment compounded annually after 13 years.

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