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Mathematics
Area of mathematics
Mathematical optimization
Mathematical finance
Fixed-income security
Interest rate
2026-10-03
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In
a
discrete
-
time
market, the
bank
account reinvests at each successive
spot interest rate
:
B
0
=
1
,
B
t
=
∏
s
=
0
t
−
1
(
1
+
r
s
)
.
(1)
Ancestors
(7)
Interest rate
Fixed-income security
Mathematical finance
Mathematical optimization
Area of mathematics
Mathematics
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Past exam of the mathematics course of the University of Cambridge
/
2019
/
iii
/
Paper 211
/
5
/
b
/
Solution
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