1) The force of interest is given by 8 = 0.013.Compute the following valuesS4Enter an answer correct to 6 decimal places.2) You are paid £1 a day for 10 years. The interest rate is 7%.Model the daily payments as an annuity paid continuously and compute the accumulated value of thisannuity.£Enter an answer correct to 2 decimal places.

Step 1: The formula for s4 is 0.013 multiplied by 4. The result would be 0.052, e 0.052 is 1.053297.…

Answered: 1) The force of interest is given by 8…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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