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  3. (a) calculate the time (in days) for $2,500 to acc

(a) Calculate the time (in days) for $2,500 to accumulate to $2,550 at: (i) a...

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Finance

(a) Calculate the time (in days) for $2,500 to accumulate to $2,550 at:

(i) a force of interest of 6% per annum

(ii) a simple rate of interest of 5.5% per annum

(b) Determine the present value of $200 over ten years at the following rates of interest/discount:

(i) a rate of interest of 12% per annum convertible quarterly

(ii) a rate of discount of 12% per annum convertible monthly

(iii) a force of interest of 5% per annum

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