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Fund A accumulates at a simple interest rate of 10%. Fund B accumulates at a discount rate of 5% compounded annually. Find the point of

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Fund A accumulates at a simple interest rate of 10%. Fund B accumulates at a discount rate of 5% compounded annually. Find the point of time at which the force of interest on the two funds are equal. funds are equal. Find the present value of an annuity-immediate that lasts five years and pays $30,000 at the end o each year using an annual effective discount rate of 3%

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