Please help! I will vote up, thank you! Biyu deposits $350 in an...
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Accounting
Please help! I will vote up, thank you!
Biyu deposits $350 in an account paying a nominal interest rate 9.325% compounded weekly. Javier deposits $1,050 in an account paying a nominal interest rate i(2). After 20 years they have the same amount in their accounts. What is i(2) ? a. 3.976% b. 4.092% c. 3.938% d. 4.053% e. 3.860% Xenia deposits $400 in an account paying an effective bi-weekly interest rate 0.27115%. DaeSung deposits $800 in an account paying an effective interest rate j2. After 15 years they have the same amount in their accounts. What is j2 ? a. 1.29011% b. 1.30228% c. 1.21709% d. 1.32662% e. 1.27794%
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