23.

An investment you made is earning 8.2% compounded semi-annually for 5 years and 7 months.

(i) Identify the nominal interest rate, compounding frequency, and time period in years.

(ii) Calculate the periodic interest rate and number of compounding periods.

26. Your company invested $42000 for two years at 3.5% compounded annually. Find the accumulated value of the investment at the end of two years. Also find the compound interest earned on this amount.

30.

A loan is issued to you at 4.32% compounded quarterly for ten months.

(a) Identify the nominal interest rate, compounding frequency, and time period in years.

(b) Calculate the periodic interest rate and number of compounding periods.