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Lucas opens a bank account with 500 and lots it accumulate at an annual nominal interest rate of 5.8% convertible semiannually Danielle also opens a

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Lucas opens a bank account with 500 and lots it accumulate at an annual nominal interest rate of 5.8% convertible semiannually Danielle also opens a bank account with 300 at the same time as Lucas, but it grows at an annual nominal interest rate of 22% convertible quarterly For each account, interest is credited only at the end of each interest conversion period. Calculate the number of months required for the amount in Lucas's account to be at least triple the amount in Danielle's account 150 162 186 192 204

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