1-How much must you deposit, today, in order to accumulate $20,000 in 4 years, if you earn 3.75% compounded annually on your investment?

2- Calculate the effective interest rate for the following problems:

a. Nominal interest rate of 5%, compounded daily.

b. Nominal interest rate of 5%, compounded bi-weekly.

c. Nominal interest rate of 5%, compounded monthly.

d. Nominal interest rate of 5%, compounded quarterly.

e. Nominal interest rate of 5%, compounded semi-annually.

f. Nominal interest rate of 5%, compounded annually.