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Lily has two bank accounts. Suppose that the first account earns interest at a nominal discount rate of d^(2), convertible semiannually. The second account earns interest at a force of interest δ. Assume that Lily currently has $100 in the first account and $200 in the second account. After 6.75 years, the value in each account is $250. Calculate d^(2)/δ.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92055403

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