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Ali invests in fund X and Y. Fund X assumes simple discount over final fractional periods while fund Y assumes simple interest over fractional periods.

Ali invests in fund X and Y. Fund X assumes simple discount over final fractional periods while fund Y assumes simple interest over fractional periods. The annual effective rate of interest is 20%. Find the ratio of the present value of a payment to be made in 1.5 years computed under fund X to that computed under fund Y.

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