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pls solve using formula manually 8+ = {0.035 Question 1 Abraham is offered an investment where interest is calculated to the following force of interest:-
pls solve using formula manually
8+ = {0.035 Question 1 Abraham is offered an investment where interest is calculated to the following force of interest:- 0.03t Osts3 8t = t> 3. He invests RM1,000 at time t = 0. (a) Determine the change of accumulated value of his fund from time t = 3 to time t = 5. [6 marks] (b) Calculate the nominal rate of interest compounded quarterly, earned for the first five years. [2 marks] (c) Michael invests an amount of X at time t = 2. At the end of five years, Michael's accumulated fund is as same as Abraham's. Calculate X. [3 marks]Step by Step Solution
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