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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. math exams: Question FM 11/11/2011 2:06

Friday, November 11, 2011

Question FM 11/11/2011 2:06

An investor makes four deposits into account, at end of 2, 6, 9, and 11 years. The amount of the deposits at time t is $300(1.025)^{t}$. Find the size of the account at the end of 13 years, if the nominal of discount convertible bi-monthly is 6/41.

Ans: 3796.47

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