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Eric deposits X into a savings account at time 0, which pays interest at an effective annual rate of i. Mike deposits 2X into a

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Eric deposits X into a savings account at time 0, which pays interest at an effective annual rate of i. Mike deposits 2X 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 16th year. Calculate

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