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Unformatted text preview: year. 6. (20 points) On January 1, 2009 you have $12 , 430 in a special fund. On August 1, 2009 this has grown to $16 , 345 and you deposit $2 , 000. On December 1, 2010 the fund balance is 19 , 899 and you withdraw $5 , 000. On January 1, 2012 the fund balance is $23 , 320. Approximate the annual yield of this arrangement. Calculate the time weighted annual yield as well. 7. Graduate Fund A accumulates at a rate of 12% convertible monthly. Fund B accumulates with a force of interest of δ ( t ) = t/ 6. At time t = 0 equal deposits are made in each fund. Find the next time that the two funds are equal. 8. Bonus: Attempt to name a phrase or gesture characteristic to the instructor. 9. Bonus: What movie does the following phrase come from (hint: Nilbog)? We need some time for some things to happen...
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 Fall '10
 TimKnapik
 Effective discount rate, Ephraim, nominal discount rate, nominal compound rate

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