Fund A) has force of interest δt = .024t (where t is in years) while fund B) earns a nominal discount rate of d(365) com

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answerhappygod
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Fund A) has force of interest δt = .024t (where t is in years) while fund B) earns a nominal discount rate of d(365) com

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Fund A) has force ofinterest δt = .024t (where t is inyears) while fund B) earns a nominal discount rateof d(365) compounded daily. Find d(365) if $100is deposited at t = 0 in both funds, and both funds havethe same accumulated value when t = 3. Also find theequivalent effective annual interest rate for the 3 yearperiod.
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