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is it correct ?? if it's wrong please give the correct step with explanation 40. In Fund X money accumulates at a force of interest
is it correct ?? if it's wrong please give the correct step with explanation
40. In Fund X money accumulates at a force of interest & = .01t+.1 for Osts 20. In Fund Y money accumulates at an annual effective interest rate i. An amount of 1 is invested in each fund for 20 years. The value of Fund X at the end of 20 years is equal to the value of Fund Y at the end of 20 years. Calculate the value of Fund Y at the end of 1.5 years. 90.) St = 0,01t tl for ost 420 fund x a (20) = 5200, oltti e fund y 9 (20) = 1 (172) 20 20 Fund x = Fundy esto 0,017 +011 = (Ita) = ea (1+^) 20 Inet - In ((lt) 20) a = ln 1 (1+2) 20 | 0, 22190 2750 2 a(115) = (1+^ 5 = 139988800JStep by Step Solution
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