Question: Solve it without excel. During the first 5 years, money accumulates in a fund at an effective annual interest rate of i, and at an
Solve it without excel.
During the first 5 years, money accumulates in a fund at an effective annual interest rate of i, and at an effective annual interest rate of 2i thereafter. A deposit of 1 is made into the fund at time 0. It accumulates to 3 at the end of 10 years and to 15 at the end of 20 years. What is the value of the deposit at the end of 8 years? Q1. (a) (6 marks) (b) Find the accumulated value of $200 at the end of two years: If the nominal annual rate of interest is 6% convertible quarterly (3 marks) If the nominal annual rate of discount is 6% convertible once every (3 marks) (ii) four years
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