At time 0, M is deposited into Fund X, which accumulates at a force of interest δt =0.006t2. At time m, 2M is deposited into Fund Y, which accumulates at an annual effective rate of 10%. At time n, where m > m, the accumulated value of each fund is 4M. Determine m.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
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At time 0, M is deposited into Fund X, which accumulates at a force of interest
δt =0.006t2. At time m, 2M is deposited into Fund Y, which accumulates at an
annual effective rate of 10%. At time n, where m > m, the accumulated value of
each fund is 4M.
Determine m.

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