Deposits equals the accumulated value of deposits

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Reference no: EM131957133

A deposits 10 today and another 30 in five years into a fund paying simple interest of 11% per year. B will make the same two deposits, but the 10 will be deposited n years from today and the 30 will be deposited 2n years from today. B's deposits earn an annual effective rate of 9.15%. At the end of 10 years, the accumulated value of B's deposits equals the accumulated value of A's deposits. Calculate n.

Reference no: EM131957133

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