A deposit of $5240 earns interest at 8.4% p.a. compounded monthly for five years. At that time, the interest rate changes to 10.8% p.a. compounded quarterly. What is the value of the deposit four years after the change in rate of interest? PV₁ =$ IY = CY=FV₁ = $ PV₂ =$ IY = CY= 2 FV₂ = 5 FV = PV(1 + i)" up to 2 decimal places up to 2 decimal places FV = PV(1+1)" up to 2 decimal places The value of the deposite after nine years is $ up to 2 decimal places A deposit of $5240 earns interest at 8.4% p.a. compounded monthly for five years. At that time, the interest rate changes to 10.8% p.a. compounded quarterly. What is the value of the deposit four years after the change in rate of interest? PV₁ =S IY- CY= FV₁ - S PV₂ -5 TY= FV₂ - S FV=PV(1+)" up to 2 decimal places up to 2 deomal places FV-PV(1+1) up to 2 decimal places The value of the deposite after nine years is $ up to 2 decimal places Time left for this
A deposit of $5240 earns interest at 8.4% p.a. compounded monthly for five years. At that time, the interest rate changes to 10.8% p.a. compounded quarterly. What is the value of the deposit four years after the change in rate of interest? PV₁ =$ IY = CY=FV₁ = $ PV₂ =$ IY = CY= 2 FV₂ = 5 FV = PV(1 + i)" up to 2 decimal places up to 2 decimal places FV = PV(1+1)" up to 2 decimal places The value of the deposite after nine years is $ up to 2 decimal places A deposit of $5240 earns interest at 8.4% p.a. compounded monthly for five years. At that time, the interest rate changes to 10.8% p.a. compounded quarterly. What is the value of the deposit four years after the change in rate of interest? PV₁ =S IY- CY= FV₁ - S PV₂ -5 TY= FV₂ - S FV=PV(1+)" up to 2 decimal places up to 2 deomal places FV-PV(1+1) up to 2 decimal places The value of the deposite after nine years is $ up to 2 decimal places Time left for this
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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Subject-advance maths
Transcribed Image Text:A deposit of $5240 earns interest at 8.4% p.a. compounded monthly for five years. At that time, the interest rate changes to
10.8% p.a. compounded quarterly. What is the value of the deposit four years after the change in rate of interest? PV₁ =$ IY =
CY=FV₁ = $ PV₂ =$ IY = CY= 2 FV₂ = 5 FV = PV(1 + i)" up to 2 decimal places up to 2 decimal places FV = PV(1+1)" up to 2
decimal places The value of the deposite after nine years is $ up to 2 decimal places
A deposit of $5240 earns interest at 8.4% p.a. compounded monthly for five years. At that time, the interest rate changes to 10.8% p.a.
compounded quarterly. What is the value of the deposit four years after the change in rate of interest?
PV₁ =S
Y=
CY=
FV₁ - S
PV₂-5
IV =
CY-
3.
FV₂ S
FV = PV(1+)"
up to 2 decimal places
up to 2 deomal places
FV = PV(1+1)"
up to 2 decimal places
The value of the deposite after nine years is $
up to 2 decimal places
Time left for this
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