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Susan invests $X at the end of each month for 14 months at an annual...

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Finance

Susan invests $X at the end of each month for 14 months at an annual interest rate of 30% convertible monthly. The interest credited at the end of each month is reinvested at an annual interest rate of 36% convertible monthly. The accumulated value at the end of 14 months is $Y. Amelia invests $2X at the end of each month for 7 months at an annual interest rate of 60% convertible monthly. The interest credited at the end of each month is reinvested at an annual interest rate of 72% convertible monthly. The accumulated value at the end of 7 months is $Z. Calculate Y/Z.

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