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  1. business
  2. accounting
  3. in fund a, $100,000 accumulates at a nominal rate

In fund A, $100,000 accumulates at a nominal rate of interest j compounded semiannually to...

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Accounting

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In fund A, $100,000 accumulates at a nominal rate of interest j compounded semiannually to $130,666.52 in 4 years. In fund B, $100,000 accumulates at a nominal rate of discount k compounded quarterly to $154,448.40 in 5 years. In fund C, $100,000 accumulates at an effective rate of interest j in year one and an effective rate of interest k in year two. a) Solve for rates 'j' and 'k.' (8 points)

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