QUESTION 1 [TOTAL MARKS: 10] Assuming a nominal rate of interest convertible monthly of 2% per annum calculate the equivalent: (0) Nominal rate of interest per annum convertible half yearly. [2] Nominal rate of interest per annum convertible every 2 years. [2] (iii) Nominal rate of discount per annum convertible quarterly. [2] (iv) Effective rate of discount per half year. [2] (v) Constant force of interest per annum [2] [End of Question 1]