Answer with detailed Solution.

18. If the single payment amount factor for a period of 5 years is 1.33822, what is the nominal rate of interest? . A. 6.00% * B. 7.00% . C. 6.92% * D.7.92% 19. What is the effective rate of interest if it is compounded semi-annually of problem no. 18? . A. 5.00% . B. 7.24% . C. 6.92% . D. 6.09% 20. What is the equivalent nominal rate if it is compounded quarterly of problem no. 18? . A. 6.12% . B. 4.24% . C. 5-43% * D. 5.87%