Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are made into a fund paying a nominal 10 percent per year compounded continuously. a. What will the fund amount to after 7 years? b. What is the present worth equivalent of the total set of deposits? c. What is the equal semiannual equivalent amount of the deposits?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Please find attached the Chap 2-Problem 177 in Principles of Engineering Economic Analysis, White, 6e

Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are made into a
fund paying a nominal 10 percent per year compounded continuously.
a. What will the fund amount to after 7 years?
b. What is the present worth equivalent of the total set of deposits?
c.
What is the equal semiannual equivalent amount of the deposits?
Transcribed Image Text:Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are made into a fund paying a nominal 10 percent per year compounded continuously. a. What will the fund amount to after 7 years? b. What is the present worth equivalent of the total set of deposits? c. What is the equal semiannual equivalent amount of the deposits?
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