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John deposits $3200 into a savings account. The amount he has in his account at any time t is given by A(t)= 3200 square root
John deposits $3200 into a savings account. The amount he has in his account at any time t is given by A(t)= 3200 square root (1+.02t+.01^2)
a) Find i5, the effective rate of interest in year 5.
b) Find the force of interest at time 5.
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Finance For Real Estate Development
Authors: Charles Long
1st Edition
0874204305, 978-0874204308
