100001 +0.06/12 logela = 10,000* 1.061677812 =$10 elle78 stored order 4. John has agreed to invest $100,000 one year from now in an investment project, and he has decided to set aside the funds today in a bank account that pays 7 percent compounded quarterly. How much does he need to set aside? 5. (Effective Annual Rate) Find the corresponding rates for: (a) 3% compounded monthly. 1 000