Unformatted text preview: b. simple interest of 5% p.a. ? 4. Find the accumulated value of $300 at the end of two years: a. If the nominal annual rate of interest is 9% convertible semiannually b. If the nominal annual rate of interest is 9% convertible once every four years. c. If the nominal annual rate of discount is 9% compounded weekly. 5. Fund A accumulates at a simple interest rate of 10%. Fund B accumulates at a simple discount rate of 5%. Find the point in time at which the forces of interest on the two funds are equal 6. On July 1, 1999 a person invested 1000 in a fund for which the force of interest at time t is given by u t u 3 U 2 t 50 , where t is the number of years since January 1, 1999. Determine the accumulated value of the investment on January 1, 2000. 7. Find the following derivatives: a. d di d b. d di u c. d dd d u m U d. d dv u e. d d u d...
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 Spring '09
 Chisholm
 Interest, Nominal Interest Rate, nominal annual rate, Big Bank

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