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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. math exams: Question FM 11/15/2011 12:08

Monday, November 14, 2011

Question FM 11/15/2011 12:08

Find the accumulated value at time 30 years of payments of $\$100$ at time 11 years, 12 years and so on, with the last payment at time 17 years. Use an annual effective interest rate of $6\%$.

Ans: $100\frac{1.06^{7}-1}{0.06}1.06^{13}$
Posted by Ssafini : at 9:11 PM

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