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1.If the accumulated value of an investment that is growing at 4.64% compounded monthly is $155,461.71, and the interest earned on this investment is $89.461.71,
1.If the accumulated value of an investment that is growing at 4.64% compounded monthly is $155,461.71, and the interest earned on this investment is $89.461.71, calculate the time period of this investment years months 2.Calculate the effective interest rate for each of the following nominal interest rates: a. 4.47% compounded quarterly. % Round to two decimal places b.4.47% compounded monthly % Round to two decimal places 3. Calculate the following: a. What interest rate compounded monthly is equivalent to 3.25% compounded quarterly? % Round to two decimal places b. What interest rate compounded semi-annually is equivalent to 7% compounded monthly? % Round to two decimal places
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