Sigmund deposits K at time t = 0. His balance (assuming no deposits or withdrawals) doubles in six years.
(a) What is the annual effective discount rate?
(b) What is the nominal discount rate convertible bi-monthly (once every two months)?
(c) What is the nominal interest rate convertible semi-monthly (twice per month)?
(d) What is the nominal interest rate convertible once every two years?
(e) What is the force of interest?
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