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Smith deposits 120 into a savings account at time 0, which pays interest at a nominal rate of i , compounded semiannually. Jones deposits 190
Smith deposits 120 into a savings account at time 0, which pays interest at a nominal rate of i, compounded semiannually. Jones deposits 190 into a different savings account at time 0, which pays simple interest at an annual rate of i. Smith and Jones earn the same amount of interest during the last 6 months of the ninth year.
Calculate i.
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