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3,800 is invested at the outset (t=0). Calculate the total amount of interest collected after 19 years if the nominal rate of interest is 5.3%
3,800 is invested at the outset (t=0). Calculate the total amount of interest collected after 19 years if the nominal rate of interest is 5.3% per annum convertible half yearly for the first 8 years, and the force of interest is 1.09% per month for the last 11 years
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