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write the formula and results 1. A deposit is made into a fund. For the first 5 years interest is credited at an annual nominal
write the formula and results
1. A deposit is made into a fund. For the first 5 years interest is credited at an annual nominal rate of 10% convertible quarterly. For the next 5 years interest is credited at an annual discount rate of 8% convertible semiannually. What is the equivalent constant force of interest for 10 year period? [10 marks]Step by Step Solution
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Project Finance In Theory And Practice Designing Structuring And Financing Private And Public Projects
Authors: Stefano Gatti
4th Edition
032398360X, 9780323983600
