Fund X accumulates at an interest rate of 8% compounded quarterly Fund Y accumulates at an...
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Fund X accumulates at an interest rate of 8% compounded quarterly Fund Y accumulates at an interest rate of 6% compounded semiannually at the end of 10 years, the total amount in the two funds combined is 100,000 at the end of 5 years, the amount in Fund X is twice that in Fund Y Calculate the total amount in the two funds at the end of 2 years. m Fund X accumulates at an interest rate of 8% compounded quarterly Fund Y accumulates at an interest rate of 6% compounded semiannually at the end of 10 years, the total amount in the two funds combined is 100,000 at the end of 5 years, the amount in Fund X is twice that in Fund Y Calculate the total amount in the two funds at the end of 2 years. m
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1 Fund X accumulates at an interest rate of 8 compounded quarterly 2 Fund Y accumulates at an interest rate of 6 compounded semiannually 3 At the end ... View the full answer
Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Posted Date:
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