Please solve all parts completely very soon The force of interest is given by(0.24 + 0.015t 0

a Let present amount =xintrest at time t=7 relative to time t=3x0.24+0.015×2+x0.37-0.021×2now total…

Answered: a) Find the present value of $34000…

a) Find the present value of $34000 payable at time t = 7 relative to timet = 3. Answer = $ %3D b) Find the 4-year average annual rate of return for the period from t = 3 to t = 7. Answer = %.

Trigonometry (MindTap Course List)

10th Edition

ISBN:9781337278461

Author:Ron Larson

Publisher:Ron Larson

Chapter5: Exponential And Logarithmic Functions

Section5.5: Exponential And Logarithmic Models

Problem 6ECP: Find the intensities of earthquakes whose magnitudes are aR=6.0andbR=7.9.

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Question

Please solve all parts completely very soon

The force of interest is given by
(
0.24 + 0.015t 0<t<5
0.37 – 0.021t 5<t< 15,
where t is measured in years.
a) Find the present value of $34000 payable at time t = 7 relative to time t = 3.
Answer = $
b) Find the 4-year average annual rate of return for the period from t = 3 to t = 7.
Answer =|
%.

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