Medicine, 18.11.2020 16:50 Kkampudiaa

Pedro and Amelia share a common investment goal and once they reach their goals, they will withdraw their money. Amelia starts out with twice as much money as Pedro and it takes Pedro 6 times longer than Amelia to reach this goal. They both use the same bank that provides a 4% annual interest rate compounded quarterly. Work out how long it takes Pedro to reach his investment goal. Give your answer to the nearest year

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Pedro and Amelia share a common investment goal and once they reach their goals, they will withdraw...