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Mark wishes to deposit $1700 for one year. There are two methods that he can use. Method 1 Invest in a fund with an annual
Mark wishes to deposit $1700 for one year. There are two methods that he can use. Method 1 Invest in a fund with an annual simple interest rate of 4.8%. Method 2 Invest in a fund for 6 months with an annual simple interest rate of 4.3%. Then reinvest the proceeds into a 6 month fund with an annual simple interest rate of j%. Find the value of j that would make both methods equal. Round your answer to 3 decimal places
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