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2. (8') At time t = 0, $1 is deposited into Fund A and accumulates at a force of interest 8 = 4; $2 is

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2. (8') At time t = 0, $1 is deposited into Fund A and accumulates at a force of interest 8 = 4; $2 is deposited into Fund B and accumulates at a nominal rate of discount of 6% per annum convertible monthly. Five years later, two funds produce the same amount of interest. (1) Determine the amount of interest earned by Fund B over the five-year period. (ii) Determine k

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