7. You are given: i. Fund X accumulates an interest rate of 8% compounded quarterly; ii. Fund Y accumulates an interest rate of 6% compounded semiannually; and ii. At the end of 5 years, the amount in...

7. You are given:<br>i. Fund X accumulates an interest rate of 8% compounded quarterly;<br>ii. Fund Y accumulates an interest rate of 6% compounded semiannually;<br>and<br>ii. At the end of 5 years, the amount in Fund X is twice that in Fund Y.<br>Calculate the total amount in the two funds at the end of 2 years.<br>а. 560<br>b. 570<br>с. 580<br>d. 590<br>е. 600<br>

Extracted text: 7. You are given: i. Fund X accumulates an interest rate of 8% compounded quarterly; ii. Fund Y accumulates an interest rate of 6% compounded semiannually; and ii. At the end of 5 years, the amount in Fund X is twice that in Fund Y. Calculate the total amount in the two funds at the end of 2 years. а. 560 b. 570 с. 580 d. 590 е. 600

Jun 11, 2022

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7. You are given: i. Fund X accumulates an interest rate of 8% compounded quarterly; ii. Fund Y accumulates an interest rate of 6% compounded semiannually; and ii. At the end of 5 years, the amount in...

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