1. A 6-year annuity making quarterly payments of 3250 will make its first payment 11 years and 3 months from today. You would like to purchase this annuity 2 years from today. If you want to earn an effective annual rate of 7.5% what should you be willing to pay 2 years from now? Enter your answer below to the nearest dollar.

2. What is the equivalent compound quarterly rate for 10% compound monthly? (convert from compound monthly to compound quarterly). Enter your answer below as a percent to 4 decimal places.

3. What is the equivalent compound weekly rate for 11% compound quarterly? (convert from compound quarterly to compound weekly). Enter your answer below as a percent to 4 decimal places.