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2. John plans to invest $200 at the end of every quarter for next 2 years. Assume that today is January 1st, 2020. He expects

2. John plans to invest $200 at the end of every quarter for next 2 years. Assume that today is January 1st, 2020. He expects to earn 10% annual rate of return with monthly compounding.

2.a Calculate the interest rate to be applied

2.b Calculate the future value at the end of 2 years (December 31st, 2021)

2.c Calculate the present value as on today (January 1st, 2020)

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