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An investment earns interest at 12% compounded annually. Find the equivalent rates. (a) nominal interest p.a. compounded quarterly (b) nominal interest p.a. compounded monthly (c)

An investment earns interest at 12% compounded annually. Find the equivalent rates.

(a) nominal interest p.a. compounded quarterly

(b) nominal interest p.a. compounded monthly

(d) simple discount rate.

(e) force of interest

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