1) The force of interest is given by 8 = 0.013. Compute the following values S 4 Enter an answer correct to 6 decimal places. 2) You are paid £1 a day for 10 years. The interest rate is 7%. Model the daily payments as an annuity paid continuously and compute the accumulated value of this annuity. £ Enter an answer correct to 2 decimal places.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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1) The force of interest is given by 8 = 0.013.
Compute the following values
S
4
Enter an answer correct to 6 decimal places.
2) You are paid £1 a day for 10 years. The interest rate is 7%.
Model the daily payments as an annuity paid continuously and compute the accumulated value of this
annuity.
£
Enter an answer correct to 2 decimal places.
Transcribed Image Text:1) The force of interest is given by 8 = 0.013. Compute the following values S 4 Enter an answer correct to 6 decimal places. 2) You are paid £1 a day for 10 years. The interest rate is 7%. Model the daily payments as an annuity paid continuously and compute the accumulated value of this annuity. £ Enter an answer correct to 2 decimal places.
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