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Problem 7. (10 points) On January 1, 2004, Sam invests $ 1000 in a fund for which the force of interest at time t
Problem 7. (10 points) On January 1, 2004, Sam invests $ 1000 in a fund for which the force of interest at time t is expressed by d (0.1)(t-1), where t is the number of years since January 1, 2004 Calculate the accumulated value of the fund on January 1, 2006 OA. $ 1040.81 OB. $1561.22 OC. $ 1189.5 OD. $416 32 E. $ 1301.01
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
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