You are given1 fund x accumulates at an interest rate of 8, Ask an Expert

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You are given

(1) Fund X accumulates at an interest rate of 8% compounded quarterly

(2) Fund Y accumulates at an interest rate of 6% compounded semiannually

(3) at the end of 10 years, the total amount in the two funds combined is 1000

(4) at the end of 5 years, the amount in Fund X is twice that in Fund Y

Calculate the total amount in the two funds at the end of 2 years.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91017797

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