If X is deposited into an account that accumulates interest at a force of interest of...
If X is deposited into an account that accumulates interest at a force of interest of δt=0.04t. How many years until the account doubles in value to 2X?
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If X is deposited into an account that accumulates interest at a
force of interest of...
At time 0, $20,000 is deposited into Fund X, which accumulates at a varying force of...
At time 0, $20,000 is deposited into Fund X, which accumulates at a varying force of interest of 0.09 -0.004t. At time 0, $15,000 is deposited into Fund Y which accumulates at an annual effective discount rate of 9% for the first 5 years, and a constant force of interest for the last five years. At time t = 10, Fund X and Fund Y's accumulated values are the same. What is the constant force of interest at which Fund...
Problem 5 - Force of Interest An investment of $3500 at t = 0 accumulates at a force of interest...
Problem 5 - Force of Interest An investment of $3500 at t = 0 accumulates at a force of interest δt=0.3/(1+t). Find the amount of interest earned in the 5th year. I5=
You just won $25,000 and deposited your winnings into an account that pays 5.9 percent interest,...
You just won $25,000 and deposited your winnings into an account that pays 5.9 percent interest, compounded annually. How long will you have to wait until your winnings are worth $75,000? 21.24 years 23.95 years 19.16 years 22.67 years 25.00 years
1) If $4000 is deposited in a savings account that earns interest at an annual rate...
1) If $4000 is deposited in a savings account that earns interest at an annual rate of 2.5% interest compounded continuously, what is the value of the account at the end of two years? 2) A trust fund for a 11-year-old child is being set up by a single payment so that at age 21 the child will receive $37,000. Find how much the payment is if an interest rate of 9% compounded semiannually is assumed. 3) A bank account...
Bob deposited $409274 into an account paying 2% interest compounded annually with the goal of letting...
Bob deposited $409274 into an account paying 2% interest compounded annually with the goal of letting the money accrue interest until the end of year 34. Unfortunately, Bob had a small health crisis at the end of year 8 and had to use the money in the account for several years to help with expenses. Bob made an annual withdrawal of $30128 at the end of each year for 4 years. Bob's health improved and he was able to let...
if $2000 is deposited into an account earning 8% interest compounded continuously, what is the value...
if $2000 is deposited into an account earning 8% interest compounded continuously, what is the value of the account after 5 years?
How much interest is earned in 5 years on $8200 deposited in an account paying 6%...
How much interest is earned in 5 years on $8200 deposited in an account paying 6% interest, compounded semiannually?
Many years ago, Julie deposited $14,490 into a savings account. Today, the balance of the account...
Many years ago, Julie deposited $14,490 into a savings account. Today, the balance of the account is $62,625. How long ago did she make the initial deposit if the annual interest rate on the account is 5 percent? Multiple Choice 29.51 years 0 29.72 years 29.72 years 30.13 years 30.00 years 29.67 years
You have deposited $42,000 into an account that will earn an interest rate of 12% compounded...
You have deposited $42,000 into an account that will earn an interest rate of 12% compounded semiannually. How much will you have in this account at the end of seven years? $92,848.62 $71,218.48 $94,957.97 $113,949.56
If the sum of P15,000 is deposited in an account earning interest at the rate of...
If the sum of P15,000 is deposited in an account earning interest at the rate of 9% compound quarterly, what will it become at the end of 8 years?
At time 0, $20,000 is deposited into Fund X, which accumulates at a varying force of interest of 0.09 -0.004t. At time 0, $15,000 is deposited into Fund Y which accumulates at an annual effective discount rate of 9% for the first 5 years, and a constant force of interest for the last five years. At time t = 10, Fund X and Fund Y's accumulated values are the same. What is the constant force of interest at which Fund...
Many years ago, Julie deposited $14,490 into a savings account. Today, the balance of the account is $62,625. How long ago did she make the initial deposit if the annual interest rate on the account is 5 percent? Multiple Choice 29.51 years 0 29.72 years 29.72 years 30.13 years 30.00 years 29.67 years
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