Tamara deposits $400 in an account paying an effective semi-annual interest rate 4.83750%. Sebhat deposits $800 in

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Tamara deposits $400 in an account paying an effective semi-annual interest rate 4.83750%. Sebhat deposits $800 in an account paying an effective interest rate j2. After 13 years they have the same amount in their accounts. What is j2?

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Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Sep 20, 2023 02:37 AM

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Tamara deposits $400 in an account paying an effective semi-annual interest rate 4.83750%. Sebhat deposits $800 in

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To find the effective interest rate j2 for Sebhats account we can set up an equation based on the in... View the full answer

Corporate Finance A Focused Approach

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