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Answer with detailed Solution. For Problems 15 - 17: If money is invested at a nominal rate of interest of 8% for a period of

Answer with detailed Solution.

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For Problems 15 - 17: If money is invested at a nominal rate of interest of 8% for a period of 4 years. 15. What is the effective rate if it is compounded continuously? . A. 8.33% . B. 9.33% . C. 8.93% . D. 9.93% 16. What is the value of the compound amount factor if it is compounded continuously? E. 1.377128 F. 1.424231 G. 0.214212 H. 0.122416 17. What is the value of the present worth factor if it is compounded continuously? . A. 1. 272441 . B. 0.272441 . C. 1.726419 . D. 0.726149

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