Question: Hello i need help solving this problem: Fund A accumulates at an interest rate of 12% convertible monthly. Fund B accumulates with a force of

Hello i need help solving this problem: Fund A accumulates at an interest rate of 12% convertible monthly. Fund B accumulates with a force of interest (t) = t 6 At time t = 0, one dollar is deposited in to each fund. T is the time when the two funds are equal again (T > 0). Determine T. Thank you.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!