Mary has 14,000 in an account on January 1, 1995. (a) Assuming compound interest at 11% per
Question:
Mary has 14,000 in an account on January 1, 1995.
(a) Assuming compound interest at 11% per year, find the accumulated value on January 1, 2000.
(b) Assuming ordinary simple interest at 11% per year, find the accumulated value on April 7, 2000.
(c) Assuming compound interest at \\% per year, but linear interpolation between integral durations, find the accumulated value on April 7, 2000.
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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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