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Sharak and Ruh each offer Dar an investment opportunity. In exchange for an initial investment of X, Sharak will give Dar 200 in six years
Sharak and Ruh each offer Dar an investment opportunity. In exchange for an initial investment of X, Sharak will give Dar 200 in six years and 600 in twelve years. In exchange for an initial investment of X, Ruh will give Dar 100 in three years and Y in six years.
Assuming that both investments are valued at the same annual effective rate i = 0.10, find Y .
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