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Question 5 (10marks) a) compute the accumulated value of $500 over 5 years at j 4 = 8% per annum b) find the annual effective

Question 5 (10marks)

a) compute the accumulated value of $500 over 5 years at j4 = 8% per annum

b) find the annual effective rate corresponding to j365 = 10%

c) find the rate j4 equivalent to j365 = 12% p.a

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