Fund a accumulates at an interest rate of 6 compounded, Financial Management

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Fund a accumulates at an interest rate of 6 compounded

Fund A accumulates at an interest rate of 6% compounded monthly. Fund B accumulates at an interest rate of 4% compounded semiannually. The present value of the two funds combined is 100. At the end of 2 years, both funds have the same amount. Calculate the total amount in the two funds at the end of 1 year.

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Financial Management: Fund a accumulates at an interest rate of 6 compounded

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Financial Management: Fund a accumulates at an interest rate of 6 compounded

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