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3. Suppose a hedge fund earns 3.5% per quarter every quarter. a. What is the EAR on an investment in this fund? b. If you

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3. Suppose a hedge fund earns 3.5% per quarter every quarter. a. What is the EAR on an investment in this fund? b. If you need $1 million dollars in 5 years, how much do you have to invest in the fund today? c. If you invest $1 million today, how much money will you have in 5 years? d. If you invest today, how long will it take to quadruple (4 times) your money

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