find the force of interest corresponding to the effective rate 6%
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Force of interest refers to a nominal interest rate or a discount rate compounded infinite number of times (or continuously) per time period. ... This interest rate compounded continuously is the force of interest.
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Force of interest refers to a nominal interest rate or a discount rate compounded infinite number of times (or continuously) per time period. ... This interest rate compounded continuously is the force of interest.
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