Jen makes an initial deposit of X into an account that pays interest at a nominal interest rate of i compounded every tw
Posted: Sun Jul 03, 2022 1:02 pm
Jen makes an initial deposit of X into an account thatpays interest at a nominal interest rate of i compoundedevery two months. Chris makes an initial deposit of 6X into adifferent account, earning a simple interest rate of i. If Jenand Chris both earn the same amount of interest in the last twomonths of the 20th year, then find i.