Business, 22.04.2020 22:21 monsterduckgoose

Bill deposits $100 at the end of each year for thirteen years into fund A. Seth deposits $100 at the end of each year for thirteen years into fund B. Fund A earns an annual effective rate of 15% for the first five years and an annual effective rate of 6% thereafter. Fund B earns an annual effective rate of i throughout the thirteen years. The two funds have equal accumulated values at the end of the thirteen years. Find i.

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Bill deposits $100 at the end of each year for thirteen years into fund A. Seth deposits $100 at the...

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