Business, 02.08.2020 01:01 Kuwillalean38

Eric deposits 100 into a savings account at time 0, which pays interest at a nominal rate of i, compounded semiannually. Mike deposits 200 into a different savings account at time 0, which pays simple interest at an annual rate of i. Eric and Mike earn the same amount of interest during the last six months of the 8th year. Calculate i.

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Eric deposits 100 into a savings account at time 0, which pays interest at a nominal rate of i, comp...

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