Question
Two funds, X and Y start with the same amount. Given the information below, calculate i. i) Fund X accumulates at a force of interest
Two funds, X and Y start with the same amount. Given the information below, calculate i.
i) Fund X accumulates at a force of interest of 9 % .
ii) Fund Y accumulates at a rate of interest i , compounded quarterly .
iii) At the end of 6 years, fund X is 1.09 times as large as Fund Y.
Interest rate i=_______
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
