Question
An investment of $2400 at t = 0 accumulates at a force of interest t=0.41+tt=0.41+t. Find the amount of interest earned in the 6th6th year.
An investment of $2400 at t = 0 accumulates at a force of interest t=0.41+tt=0.41+t. Find the amount of interest earned in the 6th6th year.
Find the present value of $6000 due at the end of 6 years if the force of interest t=0.03+0.02tt=0.03+0.02t.
The accumulated amount in a savings account at any time t is given by A(t)=6700(1+0.042t)2A(t)=6700(1+0.042t)2. Find the time when the force of interest equals 0.04.
An investment accumulates at a force of interest t=0.04t5+0.03t2t=0.04t5+0.03t2. Find the present value at time t = 0 of $7800 due at the end of 4.9 year.
An investment pays $1700 at the end of 5 years and $2600 at the end of 9 years. Find the present value of this investment at time 0 if the force of interest t=0.03(1+t)2t=0.03(1+t)2.
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