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A nominal rate of interest, convertible quarterly is 5%. a) Find the effective annual rate of interest. b) Find the equivalent nominal rate of interest

A nominal rate of interest, convertible quarterly is 5%.

a) Find the effective annual rate of interest.

b) Find the equivalent nominal rate of interest convertible monthly.

c) Find the equivalent nominal annual rate of discount convertible semiannually.

d) Find the equivalent force of interest.

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