Question
Michael and Bruce open new bank account on their common day of graduation. Michael deposits $500 into his bank account while Bruce deposits $250 into
Michael and Bruce open new bank account on their common day of graduation. Michael deposits $500 into his bank account while Bruce deposits $250 into his account. Each account grow at rate d compounded per annum. If the growth in Michael's account in year 11 is equal to the growth in Bruce's account in year 17 what is the value of that common growth?
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The Emerging Markets Handbook
Authors: Pran Tiku
1st Edition
0857192981, 978-0857192981
