If compounding is quarterly, what effective annual interest rate will make the following values of P and F equivalent for the values of n as shown below?    P = 420,733 pesos; F = 3,147,429 pesos; n = 13 years

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Q: mpoun

A: in this we need to find out effective rate and than find out nominal rate.

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A: Formula used to compute present equivalent worth: Formula to compute effective interest rate:

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