A bank account is such that it pays the following continuously compounding rate of interest where t
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A bank account is such that it pays the following continuously compounding rate of interest
where t is measured in years. Calculate the amount that should be invested now to cover a liability of $5600 due in 7 years’ time.
Transcribed Image Text:
8= 5% for t = [0, 4] 7% for t€ (4, 10]
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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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