Olga deposited $800 in an investment certificate paying 9% compounded semi- annually. On the same day, her

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Olga deposited $800 in an investment certificate paying 9% compounded semi- annually. On the same day, her sister ursula deposited $600 in an account paying 7% compounded semi-annually. To the nearest day, when will the future value of Olga’s investment be equal to twice the future value of ursula’s investment?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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