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(Created page with "For a certain fund the force of interest δ<sub>t</sub> is a linear function of t such that δ<sub>0</sub> = 0 and δ<sub>1</sub> = ln(1.05). Three deposits of $1000 were are made on Jan 1, 2001 (time 0), Jan 1, 2003 and Jan 1, 2005. What is the total accumulated value on Jan.1, 2006? <ul class="mw-excansopts"> <li>3875</li> <li>4050</li> <li>4525</li> <li>4575</li> <li>4700</li> </ul> '''References''' {{cite web |url=https://web2.uwindsor.ca/math/hlynka/392oldtests...") |
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Latest revision as of 00:01, 26 November 2023
For a certain fund the force of interest δt is a linear function of t such that δ0 = 0 and δ1 = ln(1.05). Three deposits of $1000 were are made on Jan 1, 2001 (time 0), Jan 1, 2003 and Jan 1, 2005.
What is the total accumulated value on Jan.1, 2006?
- 3875
- 4050
- 4525
- 4575
- 4755
References
Hlynka, Myron. "University of Windsor Old Tests 62-392 Theory of Interest". web2.uwindsor.ca. Retrieved November 23, 2023.