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mamas12345
15.08.2020 •
Business
An investment of 1 will double in 27.72 years at a force of interest, δ. An investment of 1 will increase to 7.04 in n years at a nominal rate of interest numerically equal to δ and convertible once every two years. Calculate n.
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Ответ:
80
Explanation:
According to the given situation, the computation of n is shown below:-
EXP[27.72δ]=2
δ =0.025
m = 1 ÷ 2
(1 + 0.025 ÷ (1 ÷ 2))^n ÷ 2 = 7.04
n ÷ 2 × ln(1.05)=ln(7.04)
n ÷ 2=40
n = 80
Therefore for computing the n we simply applied the above formula i.e. by considering all the information given in the question
Hence,the n is 80
Ответ:
$160,463 will be available for daughter college expense o her 18th birthday.
Explanation:
According to the Given Condition;
Deposit Amount = $2,400
Rate of Return = 9%
Size of Deposit increase every year at 7%
Hence the Growing Annuity is
Annuity =![2400 * \frac{1}{0.09 - 0.07} * [1 - (\frac{1+0.07}{1+0.09})^{18} ] (1.09)^{18}](/tpl/images/0626/5252/21254.png)
Annuity = $160,463
Thus, $160,463 will be available for daughter college expense o her 18th birthday.