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Explain, please. - Fund X pays interest at the rate of 6% convertible monthly. Fund Y pays interest at a force of interest of t=t+121.
Explain, please.
- Fund X pays interest at the rate of 6% convertible monthly. Fund Y pays interest at a force of interest of t=t+121. Person A deposits P into each fund and at the end of 12 years, the accumulated amount in Fund X was 2000 and the accumulated amount in Fund Y was Z. Calculate Z
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