1. If an investment grew to $13,000 in 2 years and the interest amount earned was $1,150, calculate the nominal interest rate compounded quarterly.

2. Canary Company invested this year's profits of $99,200.00 in a fund that matured to $167,895.17 in 5 years. What nominal interest rate compounded quarterly is this investment earning?

3. Jeffrey wants to double his money in 9 years in an investment fund. What quarterly compounding interest rate do you suggest that he looks for?

4.Brooke wants to double his money in 17 years in an investment fund. What nominal monthly compounding interest rate do you suggest that he look for? (Hint: If money doubles, the ratio of FV to PV is 2.)

5.Monica invested $225,000 to purchase a home. After 14 years, he sold the home for $315,000. Calculate the effective interest rate earned on this investment.

6. What nominal interest rate compounded semi-annually is equivalent to 3.75% compounded quarterly?