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Marcia and Jan each put $100 into separate accounts at time t=0, where t is meas years. Marcia's account earns a constant annual effective interest
Marcia and Jan each put $100 into separate accounts at time t=0, where t is meas years. Marcia's account earns a constant annual effective interest rate of K/36, K>0. Jan's account earns interest at a force of interest of: & K +0.200 At the end of 5 years, the amount in each account is X. Calculate X. A 114.68 B 116.67 C 194.96 D 216.14 E 248.83
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