The annual force of interest for an account at t years is given by St = t^2/ (4+1)^3. A deposit of $D is made at time 0. Calculate the number of years until the account balance is 3D. (a) 2.00 (b) 2.84 (c) 3.14 (d) 4.70 (e) 4.82
The annual force of interest for an account at t years is given by St = t^2/ (4+1)^3. A deposit of $D is made at time 0. Calculate the number of years until the account balance is 3D. (a) 2.00 (b) 2.84 (c) 3.14 (d) 4.70 (e) 4.82
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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account at t years is given by St = t^2 /
(4+1)^3. A deposit of $D is made at
time 0. Calculate the number of years
until the account balance is 3D.
(a) 2.00 (b) 2.84 (c) 3.14 (d) 4.70 (e) 4.82"
Transcribed Image Text:The annual force of interest for an
account at t years is given by St = t^2 /
(4+1)^3. A deposit of $D is made at
time 0. Calculate the number of years
until the account balance is 3D.
(a) 2.00 (b) 2.84 (c) 3.14 (d) 4.70 (e) 4.82
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