4. Suppose a fund accumulates according to the force of interest 8 (t) = { a 0.05 ct (10-t) 0St≤ 10 t> 10 where c> 0. A deposit in the amount of 5000 is made at the end of two years, and a deposit of 10,000 is made at the end of 10 years. At the end of 20 years, a withdrawal of 100,000 is made to empty out the fund, and then the account is closed.

4. Suppose a fund accumulates according to the force of interest 8 (t) = { a 0.05 ct (10-t) 0St≤ 10 t> 10 where c> 0. A deposit in the amount of 5000 is made at the end of two years, and a deposit of 10,000 is made at the end of 10 years. At the end of 20 years, a withdrawal of 100,000 is made to empty out the fund, and then the account is closed.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.2: Arithmetic Sequences

Problem 68E

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