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4. Explain the phrase force of interest. Calculate the force of interest at 3 years and at 10 years for rates a) 5%() b) 5%

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4. Explain the phrase force of interest. Calculate the force of interest at 3 years and at 10 years for rates a) 5%() b) 5% simple interest 5. A fund earns interest at force of interest t=kt. A deposit of 100 at time t=0 will grow to 300 at the end of 5 years. Detemine k

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