Question: Two investments are made at the same time. The first consists of investing 1 5 4 0 dollars at an annual rate of interest of
Two investments are made at the same time. The first consists of investing dollars at an annual rate of interest of percent, compounded semiannually. The second consists of investing dollars at an annual rate of interest of percent, compounded daily. How long will it take for the two investments to be worth exactly the same amount? Assume compound interest at all times.
Answer years. Be sure to give several decimal places of accuracy!
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