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Bob and Carol make deposits into two different accounts: Bob made deposits of 1000 at time n and 1000 at time 2n. The value of
Bob and Carol make deposits into two different accounts:
Bob made deposits of 1000 at time n and 1000 at time 2n. The value of his account at time 3n is 6000 at an annual effective interest rate of 7.1774%.
Carol made deposits of 1000 at time n, 2000 at time 2n. The value of her account at time 3n is 12,825.60 at a constant force of interest of .
Determine .
A 10%
B 15%
C 20%
D 25%
E 30%
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