Unformatted text preview: Account B earns interest equivalent to an annual effective discount rate of 6% for the first five years. Thereafter, Account B accumulates at a δτ = 0.05 + .002t . At the end of 10 years Cory would have the same amount in either account. Calculate i . Answers: 67. 2500 68. 6.54931%...
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 Spring '08
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 Math, Effective Interest Rate, Net Present Value, Englishlanguage films, Mathematical finance, Effective discount rate

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