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Matthew deposits 1 0 0 into Fund X , which earns a nominal annual rate of discount of 1 2 % convertible quarterly. At the

Matthew deposits 100 into Fund X, which earns a nominal annual rate of discount of 12% convertible quarterly. At the same time, Sarah deposits 200 into Fund Y, which earns a constant annual force of interest of 0.08. After n years, the balance of Fund X equals the balance of Fund Y. Calculate n.Matthew deposits 100 into Fund X, which earns a nominal annual rate of discount of 12% convertible quarterly.
At the same time, Sarah deposits 200 into Fund Y, which earns a constant annual force of interest of 0.08.
After n years, the balance of Fund x equals the balance of Fund Y.
Calculate n.
14.5
16.6
17.6
18.1
18.6
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