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Q4: At time t = 0, 1 is deposited into each of Fund X and Fund Y. Fund X accumulates at a force of interest

Q4: At time t = 0, 1 is deposited into each of Fund X and Fund Y. Fund X accumulates at a force of interest delta_t =k*t^3. Fund Y accumulates at a nominal

rate of discount of 12% per annum convertible monthly. At time t = 8; the accumulated value of Fund X equals the accumulated value of Fund Y. Determine k.

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