Question
To accumulate 7000 at the end of 3n years, deposits of 119 are made at the end of each of the first n years and
To accumulate 7000 at the end of 3n years, deposits of 119 are made at the end of each of the first n years and 238 at the end of each of the next 2n years.
The annual effective rate of interest is i. You are given (l + i)n = 2.5. Determine i.
37.46% 34% 40.98% 46% 33.79%
Which is correct ans
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
