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Business, 03.05.2021 14:50 biju10775

At time 0, deposits of 10,000 are made into each of Fund X and Fund Y. Fund X accumulates at an annual effective interest rate of 5%. Fund Y accumulates at a simple interest rate of 8%. At time t, the forces of interest on the two funds are equal. At time t, the accumulated value of Fund Y is greater than the accumulated value of Fund X by Z. Determine Z.

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At time 0, deposits of 10,000 are made into each of Fund X and Fund Y. Fund X accumulates at an annu...
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