# Finance

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Joeli deposited \$1000 on 1 January 2011 in an account paying interest of 12% p.a compounded quarterly. He also deposited \$800 (on 1 January 2011) in another account which pays 15% p.a. effective interest. Find the time (n) when the two accounts will be equal value if the exact method is used for fractions of an interest period.

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\$0

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Work it out yourself :)
Good Luck!!!
We tried the same thing!

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