=+2. An investor put 100,000 into a savings bank account with a fixed interest rate. In return

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=+2. An investor put £100,000 into a savings bank account with a fixed interest rate. In return she will receive £111,529 in five years. Calculate the interest rate p.a. with

(a) annual compounding;

(b) monthly compounding;

(c) continuous compounding.

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Introductory Course On Financial Mathematics

ISBN: 9781908977380

1st Edition

Authors: M V Tretyakov

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Question Posted: Oct 23, 2024 08:06 AM

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=+2. An investor put 100,000 into a savings bank account with a fixed interest rate. In return

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Introductory Course On Financial Mathematics

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