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Armita deposits $450 in an account paying a nominal interest rate 10.000% compounded bi-weekly. Kai deposits $900 in an account paying a nominal interest rate i(¹). After 14 years they have the same amount in their accounts. What is (¹)? O a. 5.313% O b. 5.158% O c. 5.468% d. 5.623% e. 5.519%

Armita deposits $450 in an account paying a nominal interest rate 10.000% compounded bi-weekly. Kai deposits $900 in an account paying a nominal interest rate i(¹). After 14 years they have the same amount in their accounts. What is (¹)? O a. 5.313% O b. 5.158% O c. 5.468% d. 5.623% e. 5.519%

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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5) the math of interest. please indicate if you are unsure or totally sure about the answer

Armita deposits $450 in an account paying a nominal interest rate 10.000% compounded bi-weekly. Kai deposits $900 in an account paying a nominal interest rate ¡(¹). After 14 years they have the same amount in their accounts. What is i(¹)? a. 5.313% O b. 5.158% C. 5.468% d. 5.623% e. 5.519% Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
Transcribed Image Text:Armita deposits $450 in an account paying a nominal interest rate 10.000% compounded bi-weekly. Kai deposits $900 in an account paying a nominal interest rate ¡(¹). After 14 years they have the same amount in their accounts. What is i(¹)? a. 5.313% O b. 5.158% C. 5.468% d. 5.623% e. 5.519% Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
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