10. Duncan and Feyd start investing at the same time. Duncan makes payments of $40 at...
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10. Duncan and Feyd start investing at the same time. Duncan makes payments of $40 at the end of each week into an investment that earns 5.25%, compounded weekly. Feyd makes a single investment into an account that also earns 5.25% but it is compounded annually. After 3 years, they have the same amount in their account. Is this possible? Show your calculations. (5 marks) PV Duncan PMT FV RATE PERIOD PAYMENT FREQUENCY COMPOUNDING Feyd 10. Duncan and Feyd start investing at the same time. Duncan makes payments of $40 at the end of each week into an investment that earns 5.25%, compounded weekly. Feyd makes a single investment into an account that also earns 5.25% but it is compounded annually. After 3 years, they have the same amount in their account. Is this possible? Show your calculations. (5 marks) PV Duncan PMT FV RATE PERIOD PAYMENT FREQUENCY COMPOUNDING Feyd
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