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Eric deposits 250 into a savings account at time 0, which pays interest at an annual nominal rate of i, compounded monthly. Mike deposits 400

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Eric deposits 250 into a savings account at time 0, which pays interest at an annual nominal rate of i, compounded monthly. Mike deposits 400 into a different savings account at time 0, which pays simple interest at an annual rate of i. Eric and Mike earn the same amount of interest during the last month of the 9th year. Calculate

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