Answer with detailed Solution

5. A man loan P2666 from the bank. How long would it take in years if it was made at396 compounded continuously. a. 118 years 6. 5.16 years (3. 6.16 years D. 6.13 years 'HT 6. An amount of F1666 becomes 191668.44 after 4 years compounded bi-monthly. Find the nominal rate of interest. the effective rate of interest. and the equivalent rate of interest it' it is compounded quarterly. A. 1196;12.62396 : 11.4296 6. 1296 ; 11.6696 ; 1232496 (3. 1296 ; 12.61696 : 12.6696 D. 1196 ; 11.66496 ; 11.9396 '3. Hon.r long would it take your money to double itself if it is inyested at 696 simple interest. compounded semi-quarterly. and compounded continuously?I e A. 12.6';lr yrs : 11.2 yrs ; 15.65 yrs E. 16.6? yrs ; 11.6 yrs : 11.24 yrs (1. 16.6? yrs : 11.6 yrs : 11.55 yrs D.1y.6y yrs : 16.2 yrs ; 11.45 yrs