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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
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
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