5) Suppose that .02t if 0 <t< 2 St = .003t if 2 < t <...

Question

Question

5) Suppose that .02t if 0 <t< 2 St = .003t if 2 < t < 5 where t is in years. If an initial deposit of $150 when t = 0) is mad

business accounting

Answer 1

Answer #1

Answer. Value at the end of 5 year=$161.12

Effective annual interest rate= 1.45% per annum

2 Value at t=2 = 150 esch 0.02t dt 2 2 = 150 esch [ 0.02 + ] = 150 exh [o.olx2² -o] = 15o e o 0.04 = $156.122 2 Value cut t=

Calculation of effective rate 150 (+ is = 161.2 is (161-27s - 1 1.45% Iso

Answer 2

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