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undefined 6. An investor puts 100 into Fund X in 100 into Fund Y. Fund Y earns compound interest at the annual rate of j
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6. An investor puts 100 into Fund X in 100 into Fund Y. Fund Y earns compound interest at the annual rate of j > 0, and Fund X earns simple interest at the annual rate of 1.05j. At the end of 2 years, the amount in Fund Y is equal to the amount in Fund X. Calculate the amount in Fund Y at the end of 5 years. a. 150 b. 153 157 d. 161 C. e. 165Step by Step Solution
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