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Can someone help with the attached question? Many Thanks! 8. 10. At time t = 0, Donald puts 1000 into a fund crediting interest at

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Can someone help with the attached question? Many Thanks!

image text in transcribed
8. 10. At time t = 0, Donald puts 1000 into a fund crediting interest at an annual nominal interest rate of i compounded semiannuatly. At time t = 2, Lewis puts momma a different fund crediting interest at a force of .5r = 5: for all t. + r At time t = 15, the amounts in each fund will be equal. Note: In this problem, r is representing time in years. Calculate i. Give your answer as a percentage rounded to one decimal place. Answer: Jeff deposits 11 into an account on day 5, 12 on day 10, 13 on day 15, 14 on day 20 and so on. The acoount is valued using an annual discount rate of 3.65%. Find the future value of the account on day coo, immediately after the deposit of 130 is made. Round your answer to the nearest whole number. Note: There are 365 days in a year. Answer: Jim buys a perpetuity-immediate which pays 180 each year and has an annual effective interest rate of 2i. Tina buys a perpetuityhimmed'iote which pays 60 at the end of the rst year, and each subsequent payment increases by 5% from the previous payment. Tina's annuity has an annual effective interest rate of i. Both annuities have the same present value. Find i. Give your answer as a percentage rounded to the nearest whole number

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