There are two investment funds A and B. Fund A earns interest at annual nominal interest...

 

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There are two investment funds A and B. Fund A earns interest at annual nominal interest 18% compounded semi-annually and Fund B earns interest at annual nominal interest 18% convertible m-thly. • Mr. A deposits S650 into fund A at the beginning of every quarter for 10 years. The first deposit is made today. • Mr. B deposits $650 into fund B at the beginning of every quarter during the first 5 years and deposits X (where X>650) into fund B at the beginning of each quarter in the next 5 years. The first deposit is made today. Suppose that the amount values of two accounts (Mr. A account and Mr. B account) at the end of 15th year are the same, find the total amount of interest earned by Mr. B account over the 15 years. There are two investment funds A and B. Fund A earns interest at annual nominal interest 18% compounded semi-annually and Fund B earns interest at annual nominal interest 18% convertible m-thly. • Mr. A deposits S650 into fund A at the beginning of every quarter for 10 years. The first deposit is made today. • Mr. B deposits $650 into fund B at the beginning of every quarter during the first 5 years and deposits X (where X>650) into fund B at the beginning of each quarter in the next 5 years. The first deposit is made today. Suppose that the amount values of two accounts (Mr. A account and Mr. B account) at the end of 15th year are the same, find the total amount of interest earned by Mr. B account over the 15 years.