Mathematics
Mathematics, 19.07.2021 14:00, Michael845313

Eric deposits 100 into a savings account at time 0, which pays interest at an annual nominal rate of i, compounded semiannually.
Mike deposits 200 into a different savings account at time 0, which pays simple interest at an
annual rate of i.
Eric and Mike earn the same amount of interest during the last 6 months of the 8th year.
Calculate i.

answer
Answers: 1

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Eric deposits 100 into a savings account at time 0, which pays interest at an annual nominal rate o...

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