Joe deposits X into an account at time t = 0 earning nominal quarterly interest...
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Accounting
Joe deposits X into an account at time t = 0 earning nominal quarterly interest i (4) while Eric deposits 1.5X into an account at time t = 0 earning the same nominal quarterly interest i (4). The interest earned by Joe in the last three months of the 15th year is the same as the interest earned by Eric in the last three months of the 5th year. Find i (4) .
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