Question $1$

Let $i$ be an effective interest rate with $i^{(m)}$ and $d^{(m)}$ be nominal interest rate and discount rate convertible $m$ thly$.$ Let $i^{(2)}=5\%.$ Find,

$($a$)\frac{i^{(4)}}{d^{(8)}}.$

$[4$ marks$]$

$($b$)|{)}^{(3)}|).$

$[4$ marks$]$