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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
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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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
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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