1). How much should be invested at 7% to have $1300 at the end of 2.5 years? (Round your final answer to two decimal places.)

2).Find the annual nominal rate for the effective rate given below.

Effective rate = 4.902%. Annual rate is compounded quarterly. (Round your final answer to one decimal place.)

3). Consider the following.

$38,000 is invested at 5.5% compounded annually for 7 years. (Round your final answers to two decimal places.)

a. Find the final amount b. Find the total interest earned on the original investment.