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Fund A grows with 6% simple interest. Fund B grows with compound interest at 6% per year. Fund C invests 1,000 in fund A and
Fund A grows with 6% simple interest.
Fund B grows with compound interest at 6% per year.
Fund C invests 1,000 in fund A and 2,000 in fund B, both at time 0.
Determine the force of interest at time 1/2 for fund C.
A.0.054
B.0.055
C.0.056
D.0.057
E.0.058
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