Alphonse has 14,000 in an account on January 1, 1995. (a) Assuming simple interest at 8% per
Question:
Alphonse has 14,000 in an account on January 1, 1995.
(a) Assuming simple interest at 8% per year, find the accumulated value on January 1, 2001.
(b) Assuming compound interest at 8% per year, find the accumulated value on January 1, 2001.
(c) Assuming exact simple interest at 8% per year, find the accumulated value on March 8, 1995.
(d) Assuming compound interest at 8% per year, but linear interpolation between integral durations, find the accumulated value on February 17, 1997.
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Related Book For 
Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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