An investment of 200 was made sometime ago into an account that pays compound interest at a

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An investment of £200 was made sometime ago into an account that pays compound interest at a rate of 5.6% per annum. If the accumulated amount is now £352.09, determine how long ago the investment was made.

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Introduction To Actuarial And Financial Mathematical Methods

ISBN: 9780128001561

1st Edition

Authors: Stephen Garrett

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Question Posted: Dec 04, 2023 08:09 AM

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An investment of 200 was made sometime ago into an account that pays compound interest at a

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The expression for this accumulation is clearly where t is an unkno...View the full answer

Introduction To Actuarial And Financial Mathematical Methods

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