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(a) Given the following information: RM1000 is deposited into Fund A which pays interest at a nominal rate of i compounded semi-annually. RM2000 is deposited
(a) Given the following information: RM1000 is deposited into Fund A which pays interest at a nominal rate of i compounded semi-annually. RM2000 is deposited into Fund B which pays simple interest at an annual rate of i. (i) The same amount of interest was earned in both account during the first 6 months of the 8th year. Calculate i. (round to four decimal places) (5 marks) (ii) Calculate the amount difference in Fund A and Fund B at the end of 10 years
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