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1. What nominal interest rate compounded monthly is equivalent to j= 10%? 2. Determine the accumulated value of $1550 in 28 months if interest is

1. What nominal interest rate compounded monthly is equivalent to j= 10%?

2. Determine the accumulated value of $1550 in 28 months if interest is 9% compounded continuously.

3. How much would need to be invested today in order to have $14000 in 19 months time if interest can be earned at 10% compounded continuously?

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