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Explain please, no excel. (1) The nominal annual interest rate compounded quarterly is Q and the equivalent nominal annual discount rate compounded quarterly is R.

Explain please, no excel.

(1) The nominal annual interest rate compounded quarterly is Q and the equivalent nominal annual discount rate compounded quarterly is R. You are given that QR=0.001203931. Find the annual force of interest that is equivalent to these rates. Assume that all rates are positive

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