Question: PLEASE SOLVE 1 AND 2 Without mistakes. Please explain your answers in detail 1. On September 1, 2003, Fred invested $500 in a fund for

PLEASE SOLVE 1 AND 2 Without mistakes. Please explain your answers

PLEASE SOLVE 1 AND 2 Without mistakes. Please explain your answers in detail

1. On September 1, 2003, Fred invested $500 in a fund for which the force of interest at 4+7t time t is given by ot where t is the number of years since September 1, 2002. 130 Determine the amount to which the investment has grown on March 1, 2005. = 2. Fund A accumulates at a nominal rate of 9% convertible monthly. Fund B accumulates with a force of interest 8+ = at time t = 0, equal deposits are made in each fund. Find the next time at which the two funds are equal. = 8 1. On September 1, 2003, Fred invested $500 in a fund for which the force of interest at 4+7t time t is given by ot where t is the number of years since September 1, 2002. 130 Determine the amount to which the investment has grown on March 1, 2005. = 2. Fund A accumulates at a nominal rate of 9% convertible monthly. Fund B accumulates with a force of interest 8+ = at time t = 0, equal deposits are made in each fund. Find the next time at which the two funds are equal. = 8

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