The force of interest, ε(t), is a function of time and at any time t (measured in years) is given by 0.05 -0.004t for t≤8 8(t) = 0.018 for t8 Calculate the accumulation at time t = 11 of £1,000 invested at time t = 0. £ Enter a value correct to 2 decimal places.
The force of interest, ε(t), is a function of time and at any time t (measured in years) is given by 0.05 -0.004t for t≤8 8(t) = 0.018 for t8 Calculate the accumulation at time t = 11 of £1,000 invested at time t = 0. £ Enter a value correct to 2 decimal places.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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
Transcribed Image Text:The force of interest, ε(t), is a function of time and at any time t (measured in years) is given by
0.05 -0.004t for t≤8
8(t)
=
0.018
for t8
Calculate the accumulation at time t = 11 of £1,000 invested at time t = 0.
£
Enter a value correct to 2 decimal places.
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