Question: A civil engineer makes bi-weekly (once every 2 weeks) deposits to the bank that earn 2% interest rate compounded continuously. Assume 52 weeks in a

A civil engineer makes bi-weekly (once every 2 weeks) deposits to

the bank that earn 2% interest rate compounded continuously. Assume 52 weeks

A civil engineer makes bi-weekly (once every 2 weeks) deposits to the bank that earn 2% interest rate compounded continuously. Assume 52 weeks in a year. Question 1 What is the biweekly nominal interest rate? (Round your answer to six decimal places.) number (rtol=0.01, atol=1e-08) Question 2 What is the effective rate of interest for one year? (Round your answer to six decimal places.) number (rtol=0.01, atol=14-08) Question 3 What is the nominal rate of interest for 5 years? (Round your answer to six decimal places.) number (rtol=0.01, atol=14-08) Question 4 What is the effective rate of interest for 5 years? (Round your answer to six decimal places.) number (rtol=0.01, atol=1e-08)

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