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A deposit of X is made into an account which pays a nominal interest rate of 3 . 5 % convertible semiannually. At the same

A deposit of X is made into an account which pays a nominal interest rate of 3.5% convertible semiannually. At the same time, X/2 is deposited into another account which pays a nominal discount rate of d convertible quarterly. The amounts of interest earned over the 10 years are the same for the two deposits. Calculate d.

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