Question: Fund A grows with 6% simple interest. Fund B grows with compound interest at 6% per year. Fund C invests 1,000 in fund A and

Fund A grows with 6% simple interest.

Fund B grows with compound interest at 6% per year.

Fund C invests 1,000 in fund A and 2,000 in fund B, both at time 0.

Determine the force of interest at time 1/2 for fund C.

A.0.054

B.0.055

C.0.056

D.0.057

E.0.058

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