1. Problem 4.70: An interest rate of 1 8% per year, compounded continuously, is closest to an effective a. 1.5 1 % per quarter. b. 4.5% per quarter. 4.6% per quarter. d. c. 9% per six months. 2. Problem 4.71: The only time that the original cash flow diagram needs to be changed, in problems involving uniform series cash flows, is when which of the following occurs? a. The payment period is equal to the compounding period. b. The payment period is longer than the compounding period. c. The payment period is shorter than the compounding period. d. The stated interest rate is a nominal interest rate Problem 4.72: If quarterly deposits are made for three years, beginning one quarter from now, into an account that compounds interest at 1% per month, then the value of n in the FA factor, for determining F at the end of the three-year periods, is which of the fo 3. b. 4 c. 12 d. 16