Deposits in a bank account are known to accumulate with factor A(0, t) = te 0.05t3 ,
Question:
Deposits in a bank account are known to accumulate with factor A(0, t) = te0.05t3, where t is measured in years. Determine the underlying force of interest paid by this account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
We are given that A0 t te 005 ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction To Actuarial And Financial Mathematical Methods
ISBN: 9780128001561
1st Edition
Authors: Stephen Garrett
Question Posted:
Students also viewed these Sciences questions
-
The growth of a unit deposit in a bank account is given by the accumulation factor e 0.05t2+0.02 , where t is measured in years from the initial deposit. Determine the underlying force of interest...
-
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
-
The following are various accounts: 1. Bank loans payable of a winery, due March 10, 2018 (the product requires aging for five years before it can be sold) 2. $10 million of serial bonds payable, of...
-
Data collected at elementary schools in DeKalb County, GA suggest that each year roughly 25% of students miss exactly one day of school, 15% miss 2 days, and 28% miss 3 or more days due to sickness....
-
The following information relates to Loveland Company: Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $600,000 Cost of...
-
What were the reasons for the failure of the original purpose of FordDirect.com? Who eventually gained from the system and what were the gains?
-
In February 2014, defendant Ibrahim M. Shihadeh, d/b/a Creative Designs Kitchen and Baths, agreed to purchase 25% of his anticipated natural gas needs at a fixed price for the 201415 and 201516...
-
Ross Textiles wishes to measure its cost of common stock equity. The firms stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of the year (2013). The dividends...
-
Work with Data Manipulation Language (DML) using MySQL. You will create the database, multiple tables, insert data and retrieve information based on the questions given below. 1. Show all the...
-
State the derivative of each of the following functions. a. f(x) = x 10 b. g(y) = y c. h(z) = z a1 , where a R is a constant.
-
Use a tabular method to confirm that lim 8-0 28-1 8 = ln(2)
-
In Problems 53 and 54, use a graphing calculator to calculate B, B 2 , B 3 , . . . and AB, AB 2 , AB 3 , . . . . Describe any patterns you observe in each sequence of matrices. A [0.3 0.7] and B = =...
-
A 1100-V, 50-Hz, 4 pole delta-connected induction motor has a star-connected slip- ring rotor with a phase turns ratio of 3.8:1. The rotor resistance and standstill leakage reactance are 0.012 2 and...
-
Josh quits a $20,000-a-year job at Tim Hortons, borrows $10,000 on his VISA card at a 5% interest rate, and opens a coffee shop in downtown Toronto. Josh pays himself $30,000 a year. After one year,...
-
ABC, Inc. is trying to acquire a smaller company, LMN. LMN is not interested in being acquired. Assuming that ABC is determined to acquire LMN, what should ABC do? Suggest a merger of ABC and LMN...
-
In the budget prepared at the end of 2022, the annual revenue at Port Moody BBQ & Grill in 2023 was forecasted to be $952,000. The fixed costs were forecasted to be $122,000 in 2023, and the variable...
-
In November this year Hailey reviewed her investment portfolio and decided to sell AGG mutual fund on December 22 to harvest a loss. Hailey purchased 500 AGG shares 5 years ago for $10,000 and she...
-
Four Julie Doesgirls aged 13 to 15were sexually assaulted by men they met through the social networking site, MySpace. The Julie Does, through their parents or guardians, have sued MySpace for...
-
Flicker, Inc., a closely held corporation, acquired a passive activity this year. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were...
-
Write an equation for the proton transfer reaction that occurs when each of the following bases reacts with water. In each case, draw curved arrows that show the mechanism of the proton transfer: (a)...
-
If we compare the sizes of the halogens, we find that they increase in size from fluorine to iodine. Nevertheless, fluoroethane, chloroethane, bromoethane, and iodoethane all have very similar...
-
Identify the number of stereoisomers expected for each of the following: a. b. c. d. e. f. CI
-
HR professionals become strategic partners when they participate in the process of defi ning the business strategy, when they ask questions that move the strategy to action and when they design HR...
-
1. Prepare a presentation for your fellow students on What makes a good HR strategy? Illustrate with examples. 2. You have received an e-mail from your boss, the HR director, with the message: We...
-
Consider the sets X={0} {1/n: nN} Y = {1, 1} U {1-1/n: nN} U{-1+1/n: nN}. with the standard Euclidean metric on R. Show that X and Y are not homeomorphic, i.e. there does not exist a bijection f : XY...
Study smarter with the SolutionInn App