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Q15ai, Q15aii
Date Posted:
5 years ago
Sorry, for part ii, it's n years, not 20 years.
Working on part iii now.
As for part b, I do not quite understand the "theoretical maximum total interest payable" part. This could mean one of the following cases.
1. Interest halved every year, but no withdrawals made
2. Interest not halved for the same withdrawal rate
3. Interest not halved AND interest not withdrawn
Working on part iii now.
As for part b, I do not quite understand the "theoretical maximum total interest payable" part. This could mean one of the following cases.
1. Interest halved every year, but no withdrawals made
2. Interest not halved for the same withdrawal rate
3. Interest not halved AND interest not withdrawn
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Q15aiii; The graph at the end is plotted somewhere on a graphing calculator or software and then we look for the regions where the graph is below the k-axis; we should get 0 < k < 4.591. Will plot the relevant graph next.
Date Posted:
5 years ago
Ignore the first part on top
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The accompanying graph
Date Posted:
5 years ago
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This working replaces my previous workings which I have misunderstood.
Date Posted:
5 years ago