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A deposit of $23,000 earns a continuous force of interest given by 0.01 t for the first 5 years ( t is time in years),
| A deposit of $23,000 earns a continuous force of interest given by 0.01t for the first 5 years (t is time in years), and a constant force of 0.05 thereafter. What nominal quarterly compounding rate is earned over the first 11 years? |
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
