Semi-annual deposits beginning with $500 and increasing by a continuously compounded 20%, are made to a fund paying a nominal 10% year compounded continuously.

What will be the fund amount after 7 years?

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

What is the equal semi-annual equivalent amount of deposits?

Draw cash flow diagrams for each.

Answer rating: 100% (QA)

Fund amount after 7 years To calculate the fund amount after 7 years we can use the following formul... View the full answer