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The accumulated value of 1 at time t (where 0 t 1) is given by a second degree polynomial in t. You are given: (i)

The accumulated value of 1 at time t (where 0 t 1) is given by a second degree polynomial in t. You are given: (i) The nominal rate of interest convertible semi-annually for the first half a year is 5% per annum. (ii) The effective rate of interest for the whole year is 4% per annum. Calculate 3/4.

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