Jack V.

asked • 03/26/22

Finance and investments Pre calculus 12

Jovin and Simirin each received a different inheritance from their families. Jovin invested his inheritance that earned an annual rate of interest of 5.25% compounded quarterly for 20 years and now had $250000 in the account. Simirin invested hers at the same terms and had the same amount of money in 15 years. Calculate how much Jovin and Simirin inherited algebraically.

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