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2. On January 1, 2015, $90,000 is deposited in fund X. Beginning on January 1, 2015, ten consecutive semiannual payments of $10,000 each are deposited
2. On January 1, 2015, $90,000 is deposited in fund X. Beginning on January 1, 2015, ten consecutive semiannual payments of $10,000 each are deposited in fund Y. Both funds earn interest at a nominal annual rate of 5% compounded semiannually. In which of the following ranges does the excess of fund X over fund Y on January 1, 2020 lie? a. $370 but $400
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