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0.2 1+0.02 (b) Let & be the force of interest at time t. (1) Compute a(4), the accumulated value in a fund at time 4

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0.2 1+0.02 (b) Let & be the force of interest at time t. (1) Compute a(4), the accumulated value in a fund at time 4 of an initial investment of 1. (5 marks) (ii) Find the equivalent annual effective rate of interest. (3 marks) (iii) Find the equivalent annual effective rate of discount (2 marks)

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