Determine the required quantities given the stated constant nominal rates of interest. a. The accumulated value of
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Determine the required quantities given the stated constant nominal rates of interest.
a. The accumulated value of $200 after 1 year under a nominal rate i0.5 = 4% per annum.
b. The accumulated value of $100 after 2 years under a nominal rate i0.25 = 5% per annum.
c. The present value of $10,000 due in 12 years under a nominal rate i3 = 1% per annum.
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Related Book For
Introduction To Actuarial And Financial Mathematical Methods
ISBN: 9780128001561
1st Edition
Authors: Stephen Garrett
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