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Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent: (i) constant 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 (i.e. X.XXXX). Please note that the required answer is a decimal and not a percentage. Selected Answer: 0.0722 Response Feedback: Incorrect! Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent: (i) constant 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 (i.e. X.XXXX). Please note that the required answer is a decimal and not a percentage. Selected Answer: 8.0906 Response Feedback: Incorrect! Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent: (i) constant 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 (i.e. X.XXXX). Please note that the required answer is a decimal and not a percentage. Selected Answer: 0.0757 Response Feedback: Incorrect! Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent: (i) constant 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 (i.e. X.XXXX). Please note that the required answer is a decimal and not a percentage. Selected Answer: 0.0809 Response Feedback: Incorrect! Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent: (i) constant 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 (i.e. X.XXXX). Please note that the required answer is a decimal and not a percentage. Selected Answer: 0.0809 Response Feedback: Incorrect