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Two funds, X and Y, start with the same amount. You are given: Fund X accumulates at a force of interest of 5%. Fund Y

Two funds, X and Y, start with the same amount. You are given: Fund X accumulates at a force of interest of 5%. Fund Y accumulates at a nominal rate of interest j, compounded semi-annually. At the end of eight years, Fund X is 1.05 times as large as Fund Y. Calculate j.

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