Question
Solve the following equations of value. a) Paula wants to accumulate $16,000 at the end of 7 years by investing continuously over the period at
Solve the following equations of value.
a) Paula wants to accumulate $16,000 at the end of 7 years by investing
continuously over the period at payment rate $X per year. Find the smallest
value for X that will achieve Paulas goal using = .
b) On January 1, 2018 Will invests $10,000 to an account paying a 3.6% real
return.
i) Find Wills AV on December 31, 2019 given inflation of 2.27% in 2018
and 1.95% in 2019.
ii) Find the inflation rate in 2020 if Wills accumulated value on December
31, 2020 is $11,450.
c) Helen invests $600 every 3 months into an account paying /span>(-) = 7%. When
will her account balance be at least $10,000?
Actuarial Science need steps, thanks!
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