2. You just got a new job and are offered several contracts from which to thoose. Which as the bert dee assuming a positive rate of letterest? Payment of $5 million over fie years, paid in iratsiments at the begiening of ench yeac, but gre 18 pet year: Payment of 55 millon over five years, paid in instaliments at the end of each yesc, sip growing 1 year: Payment of $5 mallon over fove years. paid in equal instailments at the begrining of each yes Payment of $5 million wer fove years, pad in equal intalments at the end of each year Keep up the great workf 3 Which one of the following statements is correct, all else the same? Banks prefer to pay interest to accounts with more frequeet compounding The etective annual rate decreases as the number of compounding periods peryear The effective annual rate is the rate caiculated as of interest is compounded semi-ann: The effective annual rate is the same as the stated rate. Weep up the great work 2. You just got a new job and are offered several contracts from which to thoose. Which as the bert dee assuming a positive rate of letterest? Payment of $5 million over fie years, paid in iratsiments at the begiening of ench yeac, but gre 18 pet year: Payment of 55 millon over five years, paid in instaliments at the end of each yesc, sip growing 1 year: Payment of $5 mallon over fove years. paid in equal instailments at the begrining of each yes Payment of $5 million wer fove years, pad in equal intalments at the end of each year Keep up the great workf 3 Which one of the following statements is correct, all else the same? Banks prefer to pay interest to accounts with more frequeet compounding The etective annual rate decreases as the number of compounding periods peryear The effective annual rate is the rate caiculated as of interest is compounded semi-ann: The effective annual rate is the same as the stated rate. Weep up the great work