Calculate the total amount in the two funds at the end of 2

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Reference no: EM13640220

You are given

(1) Fund X accumulates at an interest rate of 8% compounded quarterly

(2) Fund Y accumulates at an interest rate of 6% compounded semiannually

(3) at the end of 10 years, the total amount in the two funds combined is 1000

(4) at the end of 5 years, the amount in Fund X is twice that in Fund Y

Calculate the total amount in the two funds at the end of 2 years.

Reference no: EM13640220

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