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