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| rev | Admin | (Created page with "A deposit of 100 is made into a fund at time <math>t=0</math>. The fund pays interest at a nominal annual rate of discount <math>d</math> compounded quarterly for the first two years. Beginning at time <math>t=2</math>, interest is credited at a force of interest <math>\delta_t=\frac{1}{t+1}</math>. At time <math>t=5</math>, the accumulated value of the fund is 260. Calculate <math>d</math>. <ul class="mw-excansopts"><li>12.7%</li><li>12.9%</li><li>13.1%</li><li>13.3%</...") | Nov 26'23 at 17:48 | +740 |