On January 1, 2004, a person invested $1, 000 in a fund for which the...
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Finance
On January 1, 2004, a person invested $1, 000 in a fund for which the force of interest at time t is given by t = (5+8t)/50 , where t is the number of years since January 1, 2004. Determine the accumulated value of the investment on January 1, 2005.
Answer is $1197.22
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