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1 Compute the effective annual interest rate which is equivalent to 5% nominal annual interest compounded continuously 2Find the time required for a sum of

1 Compute the effective annual interest rate which is equivalent to 5% nominal annual interest compounded continuously

2Find the time required for a sum of money to triple itself at 5% per annum compounded continuously.

3 A man wishes to have P40,000 in a certain fund at the end of 8 years. How much should he invest in a fund that will pay 6% compounded continuously?

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