FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have 12000 CAD and you plan to deposit it into an account which has a rate of 12%, compounding quarterly for 63 months. How

You have 12000 CAD and you plan to deposit it into an account which has a rate of 12%, compounding quarterly for 63 months. How much time would it take your principle money to reach to the same future value if the money is deposited in to a continuous compounding account with a rate of 8%?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Mathematical Finance Discrete Time Models

Introduction To Mathematical Finance Discrete Time Models

Authors: Stanley R. Pliska

1st Edition

1557869456, 9781557869456

More Books

Students also viewed these Finance questions

Question

★★★★★
A 1500-kg car traveling north at 70 km/h collides at an intersection with a 2000-kg car traveling west at 55 km/h. The two cars stick together. (a) What is the total momentum of the system before the...

Answered: 1 week ago

Question

★★★★★
The following incomplete T-accounts were drawn from the records of Richland Manufacturing Company: Required Determine the dollar amounts for (a), (b), (c), (d), and (e). Assume that under applied and...

Answered: 1 week ago

Question

★★★★★
14. Let X be uniform over (0, 1). Find E[X|X Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
PEI Potatoes processes potatoes into potato cuts at its highly automated plant. For many years, it processed potatoes for only the retail consumer market where it had a superb reputation for quality....

Answered: 1 week ago

Question

★★★★★
Can you provide me with a step by step method of synthesising JWH - 0 1 8 and how do i dilute it to produce two litres?

Answered: 1 week ago

Question

★★★★★
Question 1. We postulate the utility function u! :L : u!(x) = a x - [1/2] x B x , (1.1) where a = (a1,..., aL ) ++ L , and B is an LL symmetric, positive definite matrix. 1.1. Compute the gradient...

Answered: 1 week ago

Question

★★★★★
The probability of event "A" is 50%. The probability of event "B" is 20%. "A" and "B" are two independent events. What is the probability of observing "A" and "B"?

Answered: 1 week ago

Question

★★★★★
Some statements are not considered hearsay because these statements are not being offered to prove the truth of the matter asserted in the statements. Thus, you must always ask yourself what is being...

Answered: 1 week ago

Question

★★★★★
21. Data: S0 = 100; X = 110; 1 + r = 1.1. The two possibilities for ST are 150 and 80. Calculate the value of a call option on the stock with an exercise price of 110. (Do not use continuous...

Answered: 1 week ago

Question

★★★★★
Car expenses using logbook and expense data Rory derives business income from a retail cosmetics store. On 1 October 2023, Rory bought a Mercedes for $38,340. Its effective life is eight years. Rory...

Answered: 1 week ago

Question

★★★★★
An analyst for Bloom Ltd, gathered the following information with regards to futures contract: Current spot-market price of R60 Risk-free interest rate of 8.87% per annum The six-month future...

Answered: 1 week ago

Question

★★★★★
b. On the sociability continuum, place a mark where you feel she belongs.

Answered: 1 week ago

Question

★★★★★
a. Cover the screen with a towel or newspaper and try to identify the style of one or two persons, using voice only.

Answered: 1 week ago

Question

★★★★★
c. On the basis of these two continua, determine Oprah Winfreys communication style. d. In your opinion, does Oprah Winfrey display style flexibility?

Answered: 1 week ago

Previous Question Next Question