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Mathematics, 16.04.2021 19:30 keigleyhannah30

Susan invests $Z at the end of each year for seven years at an annual effective interest rate of 5%. The interest credited at the end of each year is reinvested at an annual effective rate of 6%. The accumulated value at the end of seven years is $X. Lori invests $Z at the end of each year for 14 years at an annual effective interest rate of 2.5%. The interest credited at the end of each year is reinvested at an annual effective rate of 3%. The accumulated value at the end of 14 years is $Y. Required:
Calculate Y/X.

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Susan invests $Z at the end of each year for seven years at an annual effective interest rate of 5%....

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