1. What is the effective annual rate if the stated rate is 8% and compounding occurs semiannually? Quarterly?

2. Find the following values assuming a regular, or ordinary, annuity:

A. The present value of $400 per year for ten years at 10 percent

B. The future value of $400 per year for ten years at 10 percnet

C. The present value of $200 per year for five years at 5 percent

D. The future value of $200 per year for five years at 5 percent