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2. Compute following questions: (5*2= 10p) a. For an interest rate of 18% per year compounded continuously, calculate the effective monthly and annual interest rates.

2. Compute following questions: (5*2= 10p) a. For an interest rate of 18% per year compounded continuously, calculate the effective monthly and annual interest rates. b. An investor requires an effective return of at least 16%. What is the minimum annual nominal rate that is acceptable for continuous compounding

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