1: For an investment to triple in value during a 24-year period,

a.What annually compounded rate of return must it earn?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Annually compounded rate of return?%

b.What quarterly compounded rate of return must it earn?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Quarterly compounded rate of return?%

c.What monthly compounded rate of return must it earn?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Monthly compounded rate of return?%

2: Marilyn was supposed to pay $1630 to Bernice on March 19. Some time later Marilyn paid Bernice an equivalent payment of $1692.21, allowing for a time value of money of 3.0% compounded monthly. When did Marilyn make the payment?(Do not round your intermediate calculations and round your answer to the nearest month.)

Marylin made the payment?months later.

3: A $5,500 loan at 6.9% compounded monthly was settled by a single payment of $6,900 including accrued interest. How long after the initial loan was the $6,900 payment made? For the purpose of determining the number of days in a partial month, assume that a full month has 30 days.(Do not round intermediate calculations. Round your answer to the nearest day.)

years?months? days?

4: If a $19,000 investment grew to $25,805 in 4 1/2 years of quarterly compounding, what effective rate of return was the investment earning?(Do not round the intermediate calculations. Round your answer to two decimal places.)

Effective rate?%

5: To be equivalent to 11.4% compounded quarterly, what must be the nominal rate with:(Do not round intermediate calculations and round your final answers to 2 decimal places.)

a.Annual compounding?%

b.Semiannual compounding?%

c.Monthly compounding?%