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Question -
a) What sum of money due on October 1, 2027 is equivalent to $7000 due on January 1, 2004 if interest rates were 6.9%/year compounded monthly before January 1, 2010, changed to 9.4%/year compounded monthly from January 1, 2010 to January 1, 2020, and stood at 9.8%/year compounded monthly thereafter?
b) What sum of money due on July 1, 2018 is equivalent to $5000 due on January 1, 2005 if interest rates were/are 4.9%/year compounded semi-annually before January 1, 2010 and 6.0%/year compounded quarterly thereafter?
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