AV if is given $100 is lent for 5 years and repaid in a single payment
Question:
AV if δ is given
$100 is lent for 5 years and repaid in a single payment at the end of the 5 years. Calculate the amount of the payment if the the force of interest δ is 7%.
(use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45)
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An account credits interest at a 3% annual constant force of interest. How many years are required for an investment to triple? (use decimal number rounded to the 100th, such as 11.55)
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Fund A earns a 7% force of interest.
Jack deposited $250 into Fund A. What is Fund A's value at the end of first year from his initial deposit?
(use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45)
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Fund A earns a 7% force of interest. Fund B earns a 9% force of interest.
Jack deposited $250 into Fund A. After one year, he withdrew everything from Fund A and deposited it into Fund B.
What is Fund B's value at the end of four years from his initial deposit?
(use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45)
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The force of interest in the first year is 6%. The effective rate of interest in the second year is 5%. The nominal rate of discount compounded semiannually in the third year is 4%. Determine the accumulated value of $100 at the end of three years.
(use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45)
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen