ASSIGNMENT

1. What is the effective annual interest rate for an investment with a nominal annual rate of
10% that compounds quarterly?
2. What is the nominal annual interest rate for an investment with an effective annual rate of
10.52% that compounds monthly?
3. Calculate the future value of $100,000 invested at 6% over 5 years.
4. the future value of an initial $20,000 deposit that makes 5%, 6%, and 7% over three years