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Fund X earns i (12) = 6% interest, while Fund Y earns i (12) = 3% interest (and both start off with no money in
Fund X earns i (12) = 6% interest, while Fund Y earns i (12) = 3% interest (and both start off with no money in them). You deposit $1000 into fund X at the end of each month for 20 years and at the end of each month, withdraw the months interest and deposit it into fund Y . Find the accumulated value in fund Y at the end of the 20 years. Also fill in the following table Month 0 1 2 3 4 239 240 Amount in . . . 1st account Amount deposited . . . into 2nd account
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