Finance 4

Problem:



Solution:

a) 2347.021742
b) $ f(t) = 2000 \times e^{\frac{3.2}{100}} $
c) $ e^{\frac{3.2}{100}} - 1 = 0.032517505 = 3.251750531\%$
d) $ (e^{\frac{3.2}{100}})^{10} - 1 = 0.377127764 = 37.71277643 \%$