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A capital of $ 5,500,000 is placed at an interest rate of 26.5242%, while another capital of $ 11,000,000 is placed at an interest rate
A capital of $ 5,500,000 is placed at an interest rate of 26.5242%, while another capital of $ 11,000,000 is placed at an interest rate of 11.9578% compounded quarterly. In what period will the amounts produced by both capitals be equal?
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
