On july 1 2010 bill invested p into a fund which, Ask an Expert

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On July 1, 2010, Bill invested P into a fund which accumulates at an interest rate of 7% compounded monthly. On July 1, 2012, Judy invested 100 in a fund with a discount rate of 9% compounded quarterly. On July 1, 2010, the sum of the present value sof the two funds is 120. Calculate the total combined amount that will be in the two funds on July 1, 2015.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91266546

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