Determine the sum of the equivalent

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Given a nominal discount rate of 8% convertible semiannually, determine the sum of the equivalent:

  1. force of interest; and
  2. nominal interest rate compounded quarterly

(A) 0.1639 (B) 0.1641 (C) 0.1643 (D) 0.1645 (E) 0.1647

Reference no: EM132847423

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