Question: Let a(t) = 0.02P + 1. (a) Calculate the future value of an investment at t = 5 consisting of a payment of 1 now

Let a(t) = 0.02P + 1. (a) Calculate the future value of an investment at t = 5 consisting of a payment of 1 now and a payment of 2 at t = 3. (b) Calculate the present value of an investment consisting of payments of 2 at times t1, 2, 3,4 (c) Determine the force of interest at time t 1

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