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Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent: (i) force of interest; and (ii) nominal

Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent:

(i) force of interest; and

(ii) nominal annual discount rate compounded quarterly.

Note: There are 365 days in a year. Give your answer as a decimal rounded to four places.

(please make sure answer is right as all answers on chegg are incorrect)

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