Mathematics, 23.11.2019 00:31 jchay02

Random investment. an investor has $100,000. if the current interest rate is i% (compounded continuously so that the grow per year is exp(i/ he invests his money in a i year cd, takes the profits and then reinvests the $100,000. suppose that the kth investment leads to an interest rate xk which is uniform on {1, 2, 3, 4, 5}. in the long run how much money does he make per year.

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Random investment. an investor has $100,000. if the current interest rate is i% (compounded continuo...