The function f has the property that f(x)=f(x+1) for all numbers x. if f(4)=17, what is the value of f(8)?

c. 0.085

Step-by-step explanation:

The effective rate is calculated by the formula

, where r is the effective annual rate

i is the nominal rate, and n is the number of compounding periods per year.

Now, given nominal interest rate i=8.5 %

To plug the value of i in the equation, we need to first convert it into decimal.

We get,

Thus, C is the right option.