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A deposit of $13,000 earns a continuous force of interest given by 0.006 t for the first 4 years ( t is time in years),
A deposit of $13,000 earns a continuous force of interest given by 0.006t for the first 4 years (t is time in years), and a constant force of 0.024 thereafter. What nominal quarterly compounding rate is earned over the first 10 years? |
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