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Q3: Bruce deposits 400 into a bank account. His account is credited interest at a nominal rate of interest of 12% convertible monthly. At the

Q3: Bruce deposits 400 into a bank account. His account is credited interest at a nominal rate of interest of 12% convertible monthly. At the same time, Peter deposits 400 into a separate account. Peter's account is credited interest at a force of interest of delta. After 7.25 years, the value of each account is the same. Calculate delta.

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