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The following table shows the annual effective rates being credited by an investment account, by calendar year of investment. The investment year method is applicable
The following table shows the annual effective rates being credited by an investment account, by calendar year of investment. The investment year method is applicable for the first 3 years, after which a portfolio rate is used: Investment Year Rates Calendar Year of Original Investment y 1990 1991 1992 1993 1994 10 % 10 % t % 12 % 5% 10 % 8% (t-2) % 12 % 9% 11 % 6% 7% 7% 10% Portfolio Calendar Year Rates of Porfolio Rate +3 8% 1993 1994 6 % 1995 9 % 1996 10 % 1997 An investment of 100 is made at the beginning of years 1990, 1991, and 1992. The total amount of interest credited by the fund during the year 1993 is equal to 28.4. Calculate t. The following table shows the annual effective rates being credited by an investment account, by calendar year of investment. The investment year method is applicable for the first 3 years, after which a portfolio rate is used: Investment Year Rates Calendar Year of Original Investment y 1990 1991 1992 1993 1994 10 % 10 % t % 12 % 5% 10 % 8% (t-2) % 12 % 9% 11 % 6% 7% 7% 10% Portfolio Calendar Year Rates of Porfolio Rate +3 8% 1993 1994 6 % 1995 9 % 1996 10 % 1997 An investment of 100 is made at the beginning of years 1990, 1991, and 1992. The total amount of interest credited by the fund during the year 1993 is equal to 28.4. Calculate t
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