a. Hamed deposit R.O (A + 130) in a B% account and compounded quarterly. At the same timeIsmail deposit R.O (A + 160) in a D% account compounded monthly. Find the time that willtake for the amounts in the two accounts to be equal?A=18B=19D=19

Given that Hamed deposit R.O (A+130) in a B% account and compounded quarterly Ismail deposit R.O…

Answered: – 160) in a D% account compounder n the…

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Accounting

– 160) in a D% account compounder n the two accounts to be equal?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 8E: Cash Flow Amounts R. Lee Rouse borrows 10,000 that is to be repaid in 24 equal monthly installments...

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Question

100%

a. Hamed deposit R.O (A + 130) in a B% account and compounded quarterly. At the same time
Ismail deposit R.O (A + 160) in a D% account compounded monthly. Find the time that will
take for the amounts in the two accounts to be equal?
A=18
B=19
D=19

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