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Problem 9 Mary deposits 10 into a fund today and 20 fifteen years later. Interest is credited at a nominal rate of discount compounded quarterly
Problem 9 Mary deposits 10 into a fund today and 20 fifteen years later. Interest is credited at a nominal rate of discount compounded quarterly for the first 10 years, and at a 6% nominal rate of interest compounded semi-annually thereafter. The accumulated balance at the end of 30 years is 100 Calculate nominal rate of discount in the first 10 years
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