arie deposits 1,000 into an account that pays interest at an annual nominal rate of interest of ?, compounded quarterly. At the same time, Hannah deposits 2,000 into a different account which pays a  simple annual interest of ?. Marie and Hannah earns the same amount of interest during the last 3 months of the 6th ye

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter3: Income Sources
Section: Chapter Questions
Problem 79P
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Marie deposits 1,000 into an account that pays interest at an annual nominal rate of interest of ?,
compounded quarterly. At the same time, Hannah deposits 2,000 into a different account which pays a 
simple annual interest of ?. Marie and Hannah earns the same amount of interest during the last 3
months of the 6th year.
Calculate ?.

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