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Please help with this question I am having some difficulty on. I will be sure to leave a review after. Thank you! In Fund X
Please help with this question I am having some difficulty on. I will be sure to leave a review after. Thank you!
In Fund X money accumulates at a force of interest equal to , = 0.01t+0.10, for 0 t 20 . In Fund Y money accumulates at an annual effective rate Suppose that an amount of 1 is deposited into each of Fund X and Fund Y, and that at the end of 20 years the funds have equal value. Find the value of Fund Y at the end of 1.5 years (a) e0.10 (b) e0.20 0.30 (c) e (d) e0.40 (e) e0.soStep by Step Solution
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