At time 0, M is deposited into Fund X, which accumulates at a force of interest δ# = 0.006t*. At time m, 2M is deposited into Fund Y, which accumulates at an annual effective rate of 10%. At time n, where � > �, the accumulated value of each fund is 4M. Determine m.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter6: Vector Spaces
Section6.7: Applications
Problem 18EQ
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At time 0, M is deposited into Fund X, which accumulates at a force of interest
δ# = 0.006t*. At time m, 2M is deposited into Fund Y, which accumulates at an
annual effective rate of 10%. At time n, where � > �, the accumulated value of
each fund is 4M.
Determine m.

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