Semiannual deposits beginning with $500 and increasing by a continuously compounded 20 percent, are made to a

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Semiannual deposits beginning with $500 and increasing by a continuously compounded 20 percent, are made to a fund paying a nominal 10 percent per year compounded continuously.

a. What will the fund amount to after 7 years?

b. What is the present worth equivalent of the total set of deposits?

c. What is the equal semiannual equivalent amount of the deposits?

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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Question Posted: Mar 26, 2024 01:01 AM

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Semiannual deposits beginning with $500 and increasing by a continuously compounded 20 percent, are made to a

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To solve this problem well break it down into three parts Given Initial deposit 500 Deposit growth rate 20 continuously compounded Fund interest rate ...View the full answer

Principles Of Engineering Economic Analysis

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