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1 . Bank B quotes an interest rate of 4 . 6 8 % per quarter, compounded monthly. It is equivalent to an interest rate

1. Bank B quotes an interest rate of 4.68% per quarter, compounded monthly.
It is equivalent to an interest rate of ____% per annum, compounded annually.
2. The interest rate is 8% p.a. compounded annually.
A project requires an investment of $1000 today. It pays $200 in 35 days, $250 in 64 days, $600 in 100 days, and $400 in 300 days.
The NPV of this project is $ ________.

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