Alyssa H.

asked • 02/19/21

A accumulates @ annual nominal interest rate 12%,convertible monthly.B accumulates with annual force of interest,δt=t/6.At t=0,1 is deposited in each fund.T is the time that the funds are equal.Find T

Fund A accumulates at an annual nominal interest rate of 12%, convertible monthly.

Fund B accumulates with an annual force of interest, δt=t/6, for all t.

At time t=0, 1 is deposited in each fund.

T, in years, is the time that the two funds are equal, T>0.

Determine T.

1 Expert Answer

By:

Alan D. answered • 09/30/22

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