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Taylor deposits $4000 in an account earning 4.5% interest compounded annually. How much will Taylor have in the account in 8 years? Round answer to

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Taylor deposits $4000 in an account earning 4.5% interest compounded annually. How much will Taylor have in the account in 8 years? Round answer to the nearest cent. Sophia deposits $4000 in an account earning 4.5% interest compounded monthly. How much will Sophia have in the account in 8 years? Round answer to the nearest cent. 5 How much more does Sophia make than Taylor? Round answer to the nearest cent

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