Question
Fund A accumulates at a force of interest, t = 0.008 t + 0.05 Fund B accumulates at a force of interest, t = 0.07
Fund A accumulates at a force of interest, t = 0.008t + 0.05
Fund B accumulates at a force of interest, t = 0.07
Brent deposits 500 in Fund A at time, t=0. Carrie deposits X in Fund B at time, t=0. At the end of five years, Carrie's account is twice the amount of Brent's.
What is the value of Carrie's account at the end of two years?
A. 950
B. 1,000
C. 1,050
D. 1,100
E. 1,150
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 978-0138596873
