If the fund is liquidated after two years. What is the yield that has been achieved? 3. The value in pounds of a fund at time t = 0 is Vo = 50, 000. After one year (at t = = 1)it has increased to V₁ 51,500 and at that time £1, 500 is withdrawn. After two years(at t = 2) the fund is worth V₂ = 50, 800.

V0=50,000V1=51,500V2=50,800Withdrawn amount after 1 year=£1,500

Answered: 3. The value in pounds of a fund at…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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3. The value in pounds of a fund at time t = 0 is Vo= 50, 000. After one year (at t = 1) it has increased to V₁ = 51, 500 and at that time £1,500 is withdrawn. After two years (at t 2) the fund is worth V₂ = 50, 800. =