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4. The force of interest, St, is 0.04,0 < t < 5 l0.01(t² – t), t > 5 Calculate the present value of $200 payable at time 10.

4. The force of interest, St, is 0.04,0 < t < 5 l0.01(t² – t), t > 5 Calculate the present value of $200 payable at time 10.

Advanced Engineering Mathematics
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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4. The force of interest, 8t, is 0.04, 0 <t < 5 10.01(t? – t), t > 5 Calculate the present value of $200 payable at time 10. 8 = - А. 6.45 В. 10.90 С. 12.89 D. 14.45 Е. 16.90 5. Simple interest of i = 4% is being credited to a fund. In which period is this equivalent to an %3D effective rate of 2.5%?? А. 9 В. 10 С. 11 D. 12 Е. 16
Transcribed Image Text:4. The force of interest, 8t, is 0.04, 0 <t < 5 10.01(t? – t), t > 5 Calculate the present value of $200 payable at time 10. 8 = - А. 6.45 В. 10.90 С. 12.89 D. 14.45 Е. 16.90 5. Simple interest of i = 4% is being credited to a fund. In which period is this equivalent to an %3D effective rate of 2.5%?? А. 9 В. 10 С. 11 D. 12 Е. 16
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