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4. Ms. Dillard-Amber Tramel has P = $1000 in an account on January 1, 2000. Assume that the annual interest i = 10%. Given an
4. Ms. Dillard-Amber Tramel has P = $1000 in an account on January 1, 2000. Assume that the annual interest i = 10%. Given an accumulation function for Compound interest: a(t) = (1 + 1)', where 120. Find the amount of the accumulate value on January 1, 2012, A(t) = a) 3,813 b)3,318 c) 3,138 d) 2,200 5. Which of the following statements is equal to a -+v",-? a) va b) . c) ...)--V",- d) (1 + v)" 6. Evaluate 204,07% a) 181.6 b) 162.0 c) 152.2 d) 134.2 7. If the P.V. of continuous perpetuity of S1, a. is 12, what is the annual interest rate of this annuity, i=__? a) 6.58% b) 8.69% c) 9.56% d) 12.5%
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