Accumulates at an annual effective rate of interest

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Reference no: EM131447378

In fund A, $100,000 accumulates at an annual nominal rate of interest j compounded semiannually to $130,666.52 in 4 years.

In fund B, $100,000 accumulates at an annual nominal rate of discount k compounded quarterly to $154,531.82 in 5 years.

In fund C, $100,000 accumulates at an annual effective rate of interest j in year one and an annual effective rate of interest k in year 2.

What is the balance in fund C at the end of year 2?

Reference no: EM131447378

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