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Mathematics, 31.05.2020 00:59 anikalee
Eric deposits X into a savings account at time 0, which pays interest at a nominal rate of i, compounded semiannually. Mike deposits 2X into a different savings account at time 0, which pays simple interest at an annual rate of i. Eric and Mike earn the same amount of interest during the last 6 months of the 8th year. Calculate i.
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Eric deposits X into a savings account at time 0, which pays interest at a nominal rate of i, compou...
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