Revision as of 12:20, 19 November 2023 by Admin (Created page with "'''Solution: D''' The bank’s accumulated value at the end of 30 years is: <math display = "block"> \begin{aligned} \frac{100,000}{a_{\overline{{{30}}}|0.05}}s_{\overline{{{30}}}\,0.04}=364,841 \\ 100,000(1+i)^{30} = 364,481\\ i = 0.044 \end{aligned} </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 19'23
Answer
Solution: D
The bank’s accumulated value at the end of 30 years is:
[[math]]
\begin{aligned}
\frac{100,000}{a_{\overline{{{30}}}|0.05}}s_{\overline{{{30}}}\,0.04}=364,841 \\
100,000(1+i)^{30} = 364,481\\
i = 0.044
\end{aligned}
[[/math]]
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