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An investor makes a £5,300 investment at time t-4. Find the accumulated value of this investment at time t=15, assuming that the force of interest 8(t) is given by the following function of time in t, measured in years: 0.005 exp(0.25*t) for 0

An investor makes a £5,300 investment at time t-4. Find the accumulated value of this investment at time t=15, assuming that the force of interest 8(t) is given by the following function of time in t, measured in years: 0.005 exp(0.25*t) for 0

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 investor makes a £5,300 investment at time t=4. Find the accumulated value of this investment at time t=15, assuming that the force of interest 8(t) is given by the following function of time in t, measured in years: 0.005 exp(0.25*t) for 0<t≤5 0.06+0.005*t 0.06 for 5<t≤ 10 for 10 <t≤ 15
Transcribed Image Text:An investor makes a £5,300 investment at time t=4. Find the accumulated value of this investment at time t=15, assuming that the force of interest 8(t) is given by the following function of time in t, measured in years: 0.005 exp(0.25*t) for 0<t≤5 0.06+0.005*t 0.06 for 5<t≤ 10 for 10 <t≤ 15
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