Two funds, X and Y, start with the same amount. Given the information below, calculate j. i) Fund X accumulates at a force of interest of 5%. ii) Fund Y accumulates at a rate of interest j, compounded semiannually. iii) At the end of eight years, fund XX is 1.05 times as large as fund Y.

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A: FV = $1,000,000 r = 5.8% Number of compounding per year (m) = 2 Period (t) = 30 Years

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