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1) You deposit $100 now, and another $100 at the end of 20 years. The account earns a nominal discount rate of 4% compou
Posted: Fri Jul 01, 2022 8:13 am
by answerhappygod
- 1 You Deposit 100 Now And Another 100 At The End Of 20 Years The Account Earns A Nominal Discount Rate Of 4 Compou 1 (14.85 KiB) Viewed 39 times
1) You deposit $100 now, and another $100 at the end of 20 years. The account earns a nominal discount rate of 4% compounded monthly for the first 20 years, and a nominal discount rate of d(52) compounded weekly thereafter. If the account has $700 at the end of 40 years then find this nominal discount rate compounded weekly.