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4. A fund earns interest according the following scheduling: Year 1: Nominal interest rate of 6% compounded semiannually a. b. Year 2: Force of interest

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4. A fund earns interest according the following scheduling: Year 1: Nominal interest rate of 6% compounded semiannually a. b. Year 2: Force of interest of 5% Year 3: Nominal rte of discount of 8% compounded every other year d. e, c. Year 4: Effective rate of discount of 7% Year 5: Effective rate of interest of 2% Ron deposits 1 at time 0. What is the value in 5 years. Bruce deposits 100 into a bank account. His account is credited interest at an annual nominal rte of 4% conv ble semi-annually. At the same time Peter deposits 100 into a separate account. Peter's account is credited interest at an annual force of interest of 5. After 7.25 years, the value of each account is the same. Calculate . 3 5 8 0

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