Find times at which the two funds have equal holdings

Reference no: EM13719772

Determine the answer of the given problem

Problem- Fund 1 accumulates with a discount rate of 2.4% convertible monthly. Fund 2 accumulates with a force of interest t/12 for all t greater than or equal to zero. At time zero, $100 is deposited in each fund.

Part 1- Determine all later times at which the two funds have equal holdings, assuming that there are no further contributions to either fund.

I need help to find times at which the two funds have equal holdings and answer should be 3.8%.

Reference no: EM13719772

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