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***no spreadsheets please! I need help with a) through d) of this question*** 1) $10,000 is invested for 5 years in an account that follows
***no spreadsheets please! I need help with a) through d) of this question***
1) $10,000 is invested for 5 years in an account that follows a(t)=e0.02t+0.005t2 a) Find the accumulated value at the end of the 5 years. b) Find the effective annual rate of return in each of the 5 years c) Find the average annual effective rate of return over the five year period d) Find an expression for the force of interest as a function of t, and evaluate this at t=3.25Step by Step Solution
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