1. What would be the effective annual interest rate if the monthly interest rate is 2%?

a) 24,82%

b) 25,82%

c) 26,82%

d) 27,82%

e) Other:

2. What minimum amount of money would you accept to receive now, instead of receiving a 100.000 $ 6 months later? Assume that market interest rate is 16%.

a) 90.593 $

b) 91.593 $

c) 92.593 $

d) 93.593 $

e) Other: