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Question 3.12 Linda deposits $8,000 into an account now and $2,000 in 2 years. Interest is credited at an annual discount rate of 7%. Calculate

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Question 3.12 Linda deposits $8,000 into an account now and $2,000 in 2 years. Interest is credited at an annual discount rate of 7%. Calculate the balance in the account at the end of 6 years. A 9,730 B 10,312 C 14,627 D 14,677 E 15,039 Question 3.15 At an annual effective discount rate of d,d>0, each of the following two sets of payments has a present value that is equal to K : (i) A payment of 169 immediately and another payment of 169 at the end of 1 year. (ii) A payment of 196 at the end of 2 years and another payment of 196 at the end of 3 years. Calculate K. A 315 B 326 C 351 D 378 E 472 Question 4.01 The annual effective rate of interest is 8%. Calculate the force of interest. A 7.41% B 7.70% C 8.00% D 8.33% E 8.70%

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