Fund A) has force of interest δt = .024t (where t is in years) while fund B) earns a nominal discount rate of d(365) com
Posted: Sun Jul 03, 2022 1:02 pm
Fund A) has force ofinterest δt = .024t (where t is inyears) while fund B) earns a nominal discount rateof d(365) compounded daily. Find d(365) if $100is deposited at t = 0 in both funds, and both funds havethe same accumulated value when t = 3. Also find theequivalent effective annual interest rate for the 3 yearperiod.