A) Ken deposits #100, and today and another $ 200, mw in Five on years into a fund that pays simple discount at 5% p.a. Ian makes the same deposits into another fund that credits Interest at 10% effective per year, but at time in and 2n, respectively. At the end of to years, the accumulated value of ken's deposits is exactly the same as the accumulated value of lan's deposits. Calculate n.

A) Ken deposits #100, and today and another $ 200, mw in Five on years into a fund that pays simple discount at 5% p.a. Ian makes the same deposits into another fund that credits Interest at 10% effective per year, but at time in and 2n, respectively. At the end of to years, the accumulated value of ken's deposits is exactly the same as the accumulated value of lan's deposits. Calculate n.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 23E

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