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- nominal rate = i = 0.05
- effective rate = r = (1 + i/12)^12 - 1 = 0.0511619
- daily rate = d = (1 + r)^(1/365) - 1 = 0.000136711
- 12-Aug-14 1000
- 18-Mar-15 2000
- 10-Jun-15 2500
- 1000/(1 + d)^0 + 2000/(1 + d)^218 + 2500/(1 + d)^302 - x/(1 + d)^802 = 0
- ∴ 5340.17 = x/(1 + d)^802
- ∴ x = 5958.94
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