Question
A project get continuous stream of income with constant rate of $200 per annum from t=0 to t=4, t is time measured in years. The
A project get continuous stream of income with constant rate of $200 per annum from t=0 to t=4, t is time measured in years.
The force of interest is 5% for the first 5 years. For the years thereafter, the effective discount rate is 2%. What is the accumulation value at time 8?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
