You deposit $100 now, and another $100 at the end of 20 years. The account earns a nominal discount rate of 4% compounde

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answerhappygod
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You deposit $100 now, and another $100 at the end of 20 years. The account earns a nominal discount rate of 4% compounde

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You deposit $100 now, and another $100 at the end of 20 years.The account earns a nominal discount rate of 4% compounded monthlyfor the first 20 years, and a nominal discount rateof d(52) compounded weekly thereafter. If the account has$700 at the end of 40 years then find this nominal discount ratecompounded weekly.
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