Question
Jane deposits $1,900 into a savings account at time t=0. The savings account pays simple interest at an annual rate of i%. John deposits $900
Jane deposits $1,900 into a savings account at time t=0. The savings account pays simple interest at an annual rate of i%.
John deposits $900 into a different savings account at time t=0. John's savings account pays compound interest at an annual rate of i%.
Jane and John earn the same amount of interest during the 6th year. What is i%?
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Dividend Growth Investing Machine
Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
