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1 How many years will it take for $4000, invested at 4% p.a compounded quarterly to grow to $4880.76? 2 Calculate the nominal annual rate

1 How many years will it take for $4000, invested at 4% p.a compounded quarterly to grow to $4880.76?

2 Calculate the nominal annual rate of interest compounded monthly if $4000 accumulates to $5395.4 in five years.

3 Calculate the future value after one year of a debt of $100 accumulated at (i) 12.55% compounded annually; (ii) 12.18% compounded semi-annually.

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