An investment fund is established at time

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An investment fund is established at time 0 with a deposit of 5000. 1000 is added at the end of 3 months, and additional 4000 is added at the end of 9 months. No withdrawal are made. The fund value, including interest, is 10675 at the end of 1 year. The force of interest at time t is k 1+(1−t)k , for 0 ≤ t ≤ 1. Determine k.

Reference no: EM131241527

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