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The force of interest is a function of time measured in years, (t) , and is given by the following formula: 0.002 + 0.001 t
The force of interest is a function of time measured in years, (t) , and is given by the following formula:
0.002 + 0.001 t for 0 < t < 9
0.08 for t > 9
Calculate the equivalent constant annual force of interest from time t=4 to t=20 years
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