A fund starts with a zero balance at time zero. The fund accumulates with a varying force of interest δt=2t/(t²+1)(t>0). A deposit of GHS100,000 is made at time 2. Calculate the number of years from the time of deposit for the fund to double.
A fund starts with a zero balance at time zero. The fund accumulates with a varying force of interest δt=2t/(t²+1)(t>0). A deposit of GHS100,000 is made at time 2. Calculate the number of years from the time of deposit for the fund to double.
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 fund starts with a zero balance at time zero. The fund accumulates with a
varying force of interest
δt=2t/(t²+1)(t>0).
A deposit of GHS100,000 is made at time 2.
Calculate the number of years from the time of deposit for the fund to double.
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