1 At the end of every year an investor pays 2,000 towards additional voluntary contributions to build up a private pension fund The investor intends to retire in 30 years and wants the pension fund to contain at least 100,000 at the date of retirement What is the annual effective rate at which the...

To find the annual effective rate at which the contributions should accumulate we can use both the bisection method and the interpolation method These methods are numerical techniques used to approxim ...

1. * At the end of every year an investor pays 2,000 towards additional voluntary contributions...

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1. * At the end of every year an investor pays 2,000 towards additional voluntary contributions...

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To find the annual effective rate at which the contributions should accumulate we can use both the bisection method and the interpolation method These methods are numerical techniques used to approxim... View the full answer

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