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a) suppose you invest $100 compounded continuously with a nominal interest rate of 5%. How much money will you have after 20 years? b) how

a) suppose you invest $100 compounded continuously with a nominal interest rate of 5%. How much money will you have after 20 years?

b) how much would you need to invest now, at a nominal interest rate of 6% so that in 15 years you will have $10000? assume interest is compounded monthly.

c) what is the effective rate of interest given a nominal rate of 10% compounded daily?

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