Question
You deposit P dollars into an account that earns a nominal rate of i compounded semiannually. At the same time, you deposit 2.9 P dollars
You depositPdollars into an account that earns a nominal rate oficompounded semiannually. At the same time, you deposit 2.9Pdollars into an account that earns simple interest at an annual rate ofi. If both deposits earn the same amount of interest in the last 6 months of year 9, what isi?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
