Jared deposited $500 at the beginning of each month into a fund. His wife deposited $1500 at
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Jared deposited $500 at the beginning of each month into a fund. His wife deposited $1500 at the beginning of every three months into a similar fund. If they continue these deposits, which fund will have a larger balance at the end of 15 years? Both funds earn 6.2% compounded semi-annually.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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