alysawilkie8390 alysawilkie8390
  • 09-01-2024
  • Mathematics
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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 r=t-12/1.
a) Determine the effective interest rate for Fund X.
b) Find the force of interest for Fund Y.
c) Compare the interest rates of Fund X and Fund Y.

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