An investor is looking to invest 2m for precisely 2 years. Calculate the accumulated value of his
Question:
An investor is looking to invest £2m for precisely 2 years. Calculate the accumulated value of his investment in the following situations.
a. The money is invested in a deposit account that pays a fixed interest rate of i = 3% per annum. As before, A(i) applies to each £1 and so is used as a multiplying factor.
b. The money is invested in a deposit account that pays a fixed interest rate of i = 7.4634% per annum.
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Related Book For
Introduction To Actuarial And Financial Mathematical Methods
ISBN: 9780128001561
1st Edition
Authors: Stephen Garrett
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