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Consider the following data: Account A earns 8% nominal quarterly interest. Account B earns 6% convertible interest twice a year. At the end of 5
Consider the following data: Account A earns 8% nominal quarterly interest. Account B earns 6% convertible interest twice a year. At the end of 5 years the amount in account A is twice the amount in account B. At the end of 10 years the sum of the accumulated amount in both accounts is $ 1,000 Analytically compute the sum of the accumulated amount in both accounts at the end of 2 years.
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