A deposit of X is made into a fund that pays an effective annual interest rate of
Fantastic news! We've Found the answer you've been seeking!
Question:
A deposit of X is made into a fund that pays an effective annual interest rate of 6% for 10 years. At the same time, X/2 is deposited in another fund that pays an annual effective discount rate of d for 10 years. The interest amounts earned over the 10 years are the same for both funds.
calculate d.
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date: