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Mathematics, 17.05.2021 22:00 dudejustdont

You place $2,000 in an account that pays 8% interest compounded continuously. You plan to hold the
account for exactly 3 years. At the same time, in
another account you deposit money that earns 9%
compounded semiannually. If the accounts are to have
the same amount at the end of the 3 years, how much
of an initial deposit do you need to make now in the
account that pays 9% interest compounded
semiannually?

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Answers: 1

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