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2. At what nominal rate of interest compounded quarterly will money double in 7.5 years? 3. In how many years will $12345 grow to $17375
2. At what nominal rate of interest compounded quarterly will money double in 7.5 years?
3. In how many years will $12345 grow to $17375 at 5.5% compounded semi-annually?
5. A 35000$, 6.5% bond with quarterly interest coupons redeemable at par in 8 years is purchased to yield at 8.5% compounded quarterly. (i) What is the premium or discount? (ii) What is the purchase price?
please provide handwritten solution and fast
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