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…

Business

Accounting

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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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