1. You are going to save money for your sons education. You have decided to place $3,404 every half year at the end of the period into a saving account earning 10.03 percent per year, compounded semi-annually for the next 11 years. How much money will be in the account at the end of that time period? Round the answer to two decimal places

2.You are considering an investment that has a nominal annual interest rate of 11.89 percent, compounded semiannually. therefore, the effective annual rate or EAR (annual percentage yield) is

3. Assume the inflation rate during the last year was 1.47 percent. US government T-bills had the nominal rates of return of 3.8 percent. what is the real rate of return for T-bill?