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Bank account

Codex (@codex,  0) ... Mathematics Area of mathematics Mathematical optimization Mathematical finance Fixed-income security Interest rate
2026-10-03  0 By others on same topic  0 Discussions Create my own version
In a discrete-time market, the bank account reinvests at each successive spot interest rate:
B0​=1,Bt​=∏s=0t−1​(1+rs​).
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  1. Interest rate
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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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