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2. (10 points) At time 0, suppose that X is invested in Fund A which accumulates at an interest rate of R% compounded monthly. After

2. (10 points) At time 0, suppose that X is invested in Fund A which accumulates at an interest rate of R% compounded monthly. After seven years, the amount in fund A is 3x. Suppose that 800 is invested at time 0 in Fund B which accumulates at an interest rate of R% compounded quarterly. Calculate the amount in fund B after 3 years

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