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(b) The force of interest 5(t) at time t (measured in years) is given by 6(t) 0.01t 0.04. (i) Calculate the corresponding nominal rate of
(b) The force of interest 5(t) at time t (measured in years) is given by 6(t) 0.01t 0.04. (i) Calculate the corresponding nominal rate of interest for the period t-1 to t = 2. (ii) If an investment of 1 is made at time t -, calculate the value to which it will have accumulated by time t 6
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