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Kent deposits $200 into bank account A today. Five years later, Kent deposits $250 into bank account B. Account A credits interest at an annual

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Kent deposits $200 into bank account A today. Five years later, Kent deposits $250 into bank account B. Account A credits interest at an annual nominal rate of 1% compounded monthly and account B credits interest at an annual nominal discount rate of 9% compounded every fourth months. The total accumulated value of both accounts at the end of 15 years is $1301.81. Calculate i. a. 7.0% b. 7.5% c, 8.0% d. 8.5% e. 9.0%

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