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An investment of 1000 accumulates to 1360.86 at the end of 5 years. If the force of interest is 8 during the first year and

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An investment of 1000 accumulates to 1360.86 at the end of 5 years. If the force of interest is 8 during the first year and 1.58 in each subsequent year, find the equivalent effective annual interest rate in the first year

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