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: An initial deposit of $11000 is made into an account now, and a second deposit of $21000 is made into the same account after 15 years. During the first 10 years, the account earns interest quoted at a nominal quarterly discount rate of d%. After 10 years have passed, any money in the account earns a nominal semi-annual interest rate of 5%. At the end of 30 years, the total value of the account will be $118963. What is the value of d (to the nearest 0.1%)? Just Save Problem #8 Your Answer: Your Mark: d as a percentage, correct to 1 decimal Submit Problem #8 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5

: An initial deposit of $11000 is made into an account now, and a second deposit of $21000 is made into the same account after 15 years. During the first 10 years, the account earns interest quoted at a nominal quarterly discount rate of d%. After 10 years have passed, any money in the account earns a nominal semi-annual interest rate of 5%. At the end of 30 years, the total value of the account will be $118963. What is the value of d (to the nearest 0.1%)? Just Save Problem #8 Your Answer: Your Mark: d as a percentage, correct to 1 decimal Submit Problem #8 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5

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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: An initial deposit of $11000 is made into an account now, and a second deposit of $21000 is made into the same account after 15 years. During the first 10 years, the account earns interest quoted at a nominal quarterly discount rate of d%. After 10 years have passed, any money in the account earns a nominal semi-annual interest rate of 5%. At the end of 30 years, the total value of the account will be $118963. What is the value of d (to the nearest 0.1%)? Just Save Problem #8 Your Answer: Your Mark: d as a percentage, correct to 1 decimal Submit Problem #8 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5
Transcribed Image Text:: An initial deposit of $11000 is made into an account now, and a second deposit of $21000 is made into the same account after 15 years. During the first 10 years, the account earns interest quoted at a nominal quarterly discount rate of d%. After 10 years have passed, any money in the account earns a nominal semi-annual interest rate of 5%. At the end of 30 years, the total value of the account will be $118963. What is the value of d (to the nearest 0.1%)? Just Save Problem #8 Your Answer: Your Mark: d as a percentage, correct to 1 decimal Submit Problem #8 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5
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