Find the time at which the two accounts have the same force


1. What investment per quarter does Patrick need to make at the end of each quarter into his savings account over the coming 6 quarters to reach his vacation goal of ?$6,000 if he is getting 10?% APR on his? account?

2. Account X accumulates value using simple interest at an annual rate of 10%. Account Y accumulates value using compound interest at an annual effective rate of 8%. Find the time at which the two accounts have the same force of interest.

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Financial Management: Find the time at which the two accounts have the same force
Reference No:- TGS02618002

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