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You deposit $5000 into an account that earns 8% compounded annually. A friend deposits $4250 into an account that earns 7.95% annual interest, compounded continuously.
You deposit $5000 into an account that earns 8% compounded annually. A friend deposits $4250 into an account that earns 7.95% annual interest, compounded continuously. Will your friend's balance ever equal yours? If so, when? If not, enter NEVER
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