Qlai) On March 15, 2003, a student deposits X into UENR Credit Union. The account is credited with simple interest i =7.

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Qlai On March 15 2003 A Student Deposits X Into Uenr Credit Union The Account Is Credited With Simple Interest I 7 1 (30.59 KiB) Viewed 29 times

Qlai) On March 15, 2003, a student deposits X into UENR Credit Union. The account is credited with simple interest i =7.5%. On the same date, the students Lecturer deposits X into a different bank account where interest is credited at a force of interest St =2t/t^2+k, 20. (its 2t divided by t square plus k). From the end of fourth year until the end of eighth year, both account earn the same money ( amount) of interest. Calculate k. ii) in return for payment of $5,000 at the end of 3 years and $4,000 at the end of 9 years an investor agrees to pay $1,500 and to make an additional payment at the end of 2 years. Find the amount of the additional payment if i^(4) = 0.08.