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A deposit of $1000 earns a continuous force of interest given by 0.02 t for the first three years ( t is time in years),
| A deposit of $1000 earns a continuous force of interest given by 0.02t for the first three years (t is time in years), and a constant force of 0.065 thereafter. What nominal quarterly compounding rate is earned over the first 4 years? |
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Handbook Of The Fundamentals Of Financial Decision Making
Authors: Leonard C MacLean, William T Ziemba
1st Edition
9814417343, 978-9814417341
