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8) Solve the following equations of value. a) Paula wants to accumulate $12,000 at the end of 6 years by investing continuously over the period
8) Solve the following equations of value. a) Paula wants to accumulate $12,000 at the end of 6 years by investing continuously over the period at payment rate $X per year. Find the smallest value for X that will achieve Paula's goal using i = 5%. b) On January 1, 2018 Will invests $10,000 to an account paying a 3.75% real return. i) Find Will's AV on December 31, 2019 given inflation of 2.27% in 2018 and 1.95% in 2019. ii) Find the inflation rate in 2020 if Will's accumulated value on December 31, 2020 is $11,450. c) Helen invests $800 every 3 months into an account paying i(4) = 6%. When will her account balance be at least $10,000? 8) Solve the following equations of value. a) Paula wants to accumulate $12,000 at the end of 6 years by investing continuously over the period at payment rate $X per year. Find the smallest value for X that will achieve Paula's goal using i = 5%. b) On January 1, 2018 Will invests $10,000 to an account paying a 3.75% real return. i) Find Will's AV on December 31, 2019 given inflation of 2.27% in 2018 and 1.95% in 2019. ii) Find the inflation rate in 2020 if Will's accumulated value on December 31, 2020 is $11,450. c) Helen invests $800 every 3 months into an account paying i(4) = 6%. When will her account balance be at least $10,000
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