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At what nominal rate of interest compounded quarterly will $8100 earn $1700 interest in six years? A. 3.188% p.a. B. 3.586% p.a. C. 3.888% p.a.

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At what nominal rate of interest compounded quarterly will $8100 earn $1700 interest in six years? A. 3.188% p.a. B. 3.586% p.a. C. 3.888% p.a. D. 3.983% p.a. E. 4.152% p.a. F. 4.353% p.a. G. 4.675% p.a. H. 4.796% p.a. I. 5.126% p.a. J. 5.235% p.a. K. 5.372% p.a. L. 5.678% p.a. M. 5.894% p.a. N. None of the above Calculate the nominal rate of interest compounded semi-annually that will double money in eight years. A. 8.855% p.a. B. 8.268% p.a. C. 7.653% p.a. D. 8.195% p.a. E. 7.657% p.a. F. 7.852% p.a. G. 9.123% p.a. H. 9.324% p.a. I. 6.767% p.a. J. 6.894% p.a. K. 5.768% p.a. L. 6.326% p.a. M. None of the above In how many years will money triple at 12% p.a. compounded semi-annually? A. 9.427 years B. 9.013 years C. 9.893 years D. 9.125 years E. 8.431 years F. 8.932 years G. 8.321 years H. 8.813 years I. 7.914 years J. 7.326 years K. 7.782 years L. 8.127 years M. None of the above

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