60 years. 4. The amount of interest earned on K for one year is 243, while the equivalent amount of discount is 225. Determine K. 5. Given that im) = 0.1488144 and dm) 0.1417814, find m. 6. ( You are...

Answer number 4 only

Extracted text: 60 years. 4. The amount of interest earned on K for one year is 243, while the equivalent amount of discount is 225. Determine K. 5. Given that im) = 0.1488144 and dm) 0.1417814, find m. 6. ( You are given a loan on which interest is charged over a 4-year period, as follows: i. an effective rate of discount of 6% for the first year; ii. a nominal rate of discount of 4% compounded quarterly for the second year; iii. a nominal rate of interest of 5% compounded semiannually for the third year; and iv. a force of interest of 5% for the fourth year. Calculate the annual effective rate of interest over the 4-year period.