Have a Question ?

Home / Answered Questions / Other / a-fund-quotes-annual-force-of-interest-as-follows-year-1-2-3-8t-5-12-10-9-a-deposit-of-k-accumulates-aw581

(Solved): A Fund Quotes Annual Force Of Interest As Follows. Year 1 2 3 8t 5% 12% 10% 9% A Deposit Of K Accumu...


A fund quotes annual force of interest as follows. Year 1 2 3 8t 5% 12% 10% 9% A deposit of K accumulates to 2400 over 4 year

A fund quotes annual force of interest as follows. Year 1 2 3 8t 5% 12% 10% 9% A deposit of K accumulates to 2400 over 4 years. What is K?


We have an Answer from Expert View Expert Answer

Expert Answer


What is K? Answer: 1,702.098 Workings Yearend Value = year Beginning Value + Interest Interest = Year Beginning Value * interest rate for that year With help of the above formula we can find the va
We have an Answer from Expert
Buy This Answer $5

-- OR --

Subscribe To View Unlimited Answers
Subscribe $12 / Month