Question: please don't calculate using excel. please do it using formula 1. biyu deposits $400 in an account paying a nominal interest rate 9.650% compounded quarterly.
please don't calculate using excel.
please do it using formula
1.
biyu deposits $400 in an account paying a nominal interest rate 9.650% compounded quarterly. devi deposits $1,200 in an account paying a nominal interest rate i(365). After 15 years they have the same amount in their accounts. What is i(365)?
2.
ram deposits $100 in an account paying an effective weekly interest rate 0.14135%. biyu deposits $250 in an account paying an effective interest rate j26. After 24 years they have the same amount in their accounts. What is j26?
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