Extra Problems 1 a

# Extra Problems 1 a - 5 for the following 6 years what is...

This preview shows page 1. Sign up to view the full content.

ACTSC 231 Extra Problems 1a 1. Given the amount function A ( t ) = 7 e : 03 t : Find: (a) the amount of principal invested, (b) the accumulation function, (c) the interest earned in the 7 th year, and (d) the annual e/ective rate of interest in the 7 th year. 2. It is known that \$900 invested for two years will earn \$130.41 in inter- est. Find the accumulated value of \$1000 invested at the same rate of compound interest for °ve years. 3. If funds invested today will earn 8% for the next 4 years and at least
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 5% for the following 6 years, what is the most one must invest today to accumulate \$10,000 in 10 years? 4. For each of the following &nd the equivalent rate (a) Given i (2) = 6% &nd an equivalent rate i (4) ; (b) Given d (4) = 6% &nd an equivalent rate i (2) ; (c) Given & = 6% &nd an equivalent rate d (2) ; (d) Given i ( 2 3 ) = 6% &nd an equivalent rate & . 5. Find the following derivatives: a) d dd i b) d d& d ( m ) c) d di ( m ) d d) d dv d 1...
View Full Document

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern