Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose that the accumulation in an investment fun

Suppose that the accumulation in an investment fund is governed buy the accumulation function a(t)=...

60.1K

Verified Solution

Question

Accounting

Suppose that the accumulation in an investment fund is governed buy the accumulation function a(t)= 1+.04t where time is measured in years from January 1, 1990.

(a) Find the accumulation $100 s angle 6 at the time of the last deposit if deposits of $100 are made at the end of each year for six years, the first deposit being on December 31, 1990.

(b) What effective rate of compound interest would produce the same accumulated value (on December 31, 1995) for the sequence of six $100 deposits?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

use excel and show formulas A piece of equipment will cost $325,000 new, have a six...

Finance
Q

List at least three beneficiaries of project documentation. Describe how each might benefit from good project...

Operations Management
Q

name at least one ecosystem capital/ instrumental value aspect of these ecosystems: deserts mountains (rocks and wadis) palm forest ghaf...

Biology
Q

”1. Describe the pathway of blood traveling through the closed system of the circulatory system starting...

Medical Sciences
Q

1. What do you mean by ‘Intrinsic strength’ of a solid dielectric? 2. What are the drawbacks...

Electrical Engineering
Q

12) Two identical particles of charge 6 μC and mass 4 μg are initially at rest...

Physics
Q

7 Light takes t sec to travel a distance x cm in vacuum and takes...

Physics
Q

11 review firs Percent Increase and Decrease Wor 17 Darren makes 12 per hour Nex...

Statistics
Q

work 1111 Polynomial Functions Homework n list on 1 K For the polynomial function belo...

Algebra
Q

Determine whether y varies directly with x. If so, find the constant of variation k...

Algebra
Q

Question 4 (Cl&C2)(7 Marks) Karim is the president of Samirad Company....

Accounting
Q

Please do calculation in Rupees only. and solve in systematic way Q6. The comparative...

Accounting