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Investigating the future value $F(K,s,t)$ of a capital $K$ invested at date $S$ at date $t$ the "natural" condition $F(K,s,t)\geq K$ has lost its naturality because of the strange fact of negative interest rates. This leads to the task of describing the possible solutions of the multiplicative Sincov equation $f(s,u)=f(s,t)f(t,u)$ for $s\leq t\leq u$, where $f(s,t)=0$ may happen. In this paper we solve this task and discuss connections to the theory of investments., Comment: 9 pages

Fix non-zero reals $\alpha_1,\ldots,\alpha_n$ with $n\ge 2$ and let $K$ be a non-empty open connected set in a topological vector space such that $\sum_{i\le n}\alpha_iK\subseteq K$ (which holds, in particular, if $K$ is an open convex cone and $\alpha_1,\ldots,\alpha_n>0$). Let also $Y$ be a vector space over $\mathbb{F}:=\mathbb{Q}(\alpha_1,\ldots,\alpha_n)$. We show, among others, that a function $f: K\to Y$ satisfies the general linear equation $$ \textstyle \forall x_1,\ldots,x_n \in K,\,\,\,\,\, f\left(\sum_{i\le n}\alpha_i x_i\right)=\sum_{i\le n}\alpha_i f(x_i) $$ if and only if there exist a unique $\mathbb{F}$-linear $A:X\to Y$ and unique $b\in Y$ such that $f(x)=A(x)+b$ for all $x \in K$, with $b=0$ if $\sum_{i\le n}\alpha_i\neq 1$. The main tool of the proof is a general version of a result Rad\'{o} and Baker on the existence and uniqueness of extension of the solution on the classical Pexider equation., Comment: 11 pages, no figures