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(1 point) Suppose that a savings account pays an effective rate of interest of 10.5 percent. What is the equivalent annual compound interest rate if
(1 point) Suppose that a savings account pays an effective rate of interest of 10.5 percent. What is the equivalent annual compound interest rate if interest is compounded semi-annually? Answer = percent. (1 point) If 45700 dollars is invested at an interest rate of 8 percent per year, find the value of the investment at the end of 5 years for the following compounding methods. (3) Annual: Your answer is $ (b) Semiannual: Your answer is $ (c) Monthly: Your answer is $ (d) Daily: Your answer is $ (e) Continuously: Your answer is $ (1 point) Complete the table below giving the amount P that must be invested at interest rate 9.5 % compounded semi-annually to obtain a balance of A = $180000 in t years. P 1 10 20 30 40 50(1 point) Two investments are made at the same time. The first consists of investing 1680 dollars at an annual rate of interest of 7.3 percent, compounded semiannually. The second consists of investing 1550 dollars at an annual rate of interest of 7.3 percent, compounded daily. How long will it take for the two investments to be worth exactly the same amount? (Assume compound interest at all times.) Answer = years. (Be sure to give several decimal places of accuracy!)
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