Question
An investment fund accumulates with force of interest , for . At time 0. there is $100,000 in the fund. At time 1, there is
An investment fund accumulates with force of interest 
, for 
.
At time 0. there is $100,000 in the fund.
At time 1, there is $110,000 in the fund.
The only two transactions during the year are a deposit of $15,000 at time 0.25 and a withdrawal of $20,000 at time 0.75.
Calculate 
.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259347641
