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1)Find the proceeds of a three-year, $2500 note bearing interest at 12% compounded monthly, issued Jan 1st 2018, discounted on December 1, 2019, to yield

1)Find the proceeds of a three-year, $2500 note bearing interest at 12% compounded monthly, issued Jan 1st 2018, discounted on December 1, 2019, to yield 9% compounded quarterly.

2)Find the nominal rate of interest if $4000 grows into $6580 in 6 years when interest is compounded monthly.

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