question archive The force interest is given by (t)={0
Subject:FinancePrice: Bought3
The force interest is given by
(t)={0.04,0<t</=1
0.05t-0.01,1<t</5
0.24,t>5
What is the accumulated value at anytime (t>0)of investment of 1 at times 0,4 and 6?
What is present value at time, t =0 of a payment stream paid at a rate of p(t)=5t-1 received between t=1 and t=5