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Bruce deposits 120 into a bank account. His account is credited interest at a nominal rate of interest i convertible semiannually. At the same time,
- Bruce deposits 120 into a bank account. His account is credited interest at a nominal rate of interest i convertible semiannually. At the same time, Peter deposits 120 into a separate account. Peter's account is credited interest at a force of interest
. After 11.25 years, the value of each account is 396. Calculate 
.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
