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Suppose you invest $306 into an account that quotes a nominal annual interest rate 8% with semiannual compounding. Suppose after n years you invest $126
Suppose you invest $306 into an account that quotes a nominal annual interest rate 8% with semiannual compounding. Suppose after n years you invest $126 into the account. After 2n years the account has accumulated to $611. Determine n. |
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