1. What rate, compounded monthly, is equivalent to 18% compounded quarterly? (5 marks) 2. What rate, continuously compounded, is equivalent to 9% compounded daily (S marks) 3. Find an effective rate that is equivalent to a monthly compounded rate of 10%? (3 marks) 4. How much money will you have, 9 years from today, if you receive $600 at the end of each quarter for 9 years, if the interest rate is 10 compounded quarterly? 16 mark) 5. What is the value today of S500 received at the beginning of each period of six months for 12 years and the interest rate is 8% compounded semiannually? (7 marks) 6. Consider a mortgage on a house valued at $480,000 with an interest rate of 6% compounded semi-annually, for a period of 15 years. Assume a 20% down payment and monthly payments. Find the monthly payment. (5 marks). Show the detail of the payment for the first month