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2. (16 pts) Phineas invests $2,500 at a nominal annual interest rate of 6% compounded semi annually. Ferb invests $3,000 at an effective annual rate

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2. (16 pts) Phineas invests $2,500 at a nominal annual interest rate of 6% compounded semi annually. Ferb invests $3,000 at an effective annual rate of 5%. Candace can earn an effective annual interest rate of 4%. How much should Candace invest so that there is a point in time in the future where all 3 have the exact same dollar amount at the exact same time? Hint: First find when Phineas and Ferb have the same balance

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