Question: Please indicate all steps taken to solve this question clearly so it is easy to understand. Thank you. Problem #7: You deposit P dollars into
Please indicate all steps taken to solve this question clearly so it is easy to understand. Thank you.

Problem #7: You deposit P dollars into an account that earns a nominal rate of compounded semiannually. At the same time, you deposit 1.8P dollars into an account that earns simple interest at an annual rate of i. If both deposits earn the same amount of interest in the last 6 months of year 7, what is i? Answer as a percentage, correct to 2 decimals. Problem #7: 21.92 Just Save Your work has been saved! (Backt Admin Page) Submit Problem #7 for Grading Problem #7| Attempt #1 Your Answer:21.92 Attempt #2 Attempt #3 | Attempt #4 Attempt #5 Your Mark: 0/2x
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