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Jason invests 1000 in a fund which earns interest during the first year at a nominal rate of K convertible quarterly. During the 2nd year
Jason invests 1000 in a fund which earns interest during the first year at a nominal rate of K convertible quarterly. During the 2nd year the fund earns interest at a nominal discount rate of K convertible quarterly. At the end of the second year, the fund has accumulated to 1200. Calculate K
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