Question 3 (a) What nominal rate of interest convertible once every four years is equivalent to a nominal rate of discount convertible quarterly? (leave your answer in terms of rate of discount) (b) A customer is offered an investment where interest is calculated according to the force of interest, (0.02t osts3 8t 0.045 t> 3 If the customer invest GHS1,000 now, what nominal rate of interest, compounded quarterly is earned over the first 4 year period. (0.02t Question 3 (a) What nominal rate of interest convertible once every four years is equivalent to a nominal rate of discount convertible quarterly? (leave your answer in terms of rate of discount) (b) A customer is offered an investment where interest is calculated according to the force of interest, (0.02t osts3 8t 0.045 t> 3 If the customer invest GHS1,000 now, what nominal rate of interest, compounded quarterly is earned over the first 4 year period. (0.02t