Question
Abby invested X at time 0, in an account with an annual effective interest rate of 7%. Rebecca invested Y at time 3, in an
Abby invested X at time 0, in an account with an annual effective interest rate of 7%.
Rebecca invested Y at time 3, in an account with simple interest. They both have the same force of interest in year 5.
What is Rebecca's annual interest rate?
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consider abby given he invested x at time 0 r7 time 5years The force of inte...
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
