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You are given: ( i ) Fund X pays interest at the rate of 6 % convertible monthly; ( ii ) Fund Y pays interest

You are given:
(i) Fund X pays interest at the rate of 6% convertible monthly;
(ii) Fund Y pays interest at a force of interest \delta t =1/(t +12);
(iii) Johnny deposits P into each fund; and
(iv) at the end of 12 years, the accumulated amount in Fund X was 2000 and the
accumulated amount in Fund Y was Z.
Find Z.
A.1950 B.1970 C.2000 D.2030 E.2050

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