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4. Convert the following interest rate to EAR: 1) 5% per year compounded annually 2) 8% per year compounded semi-annually 3) 16% per year compounded
4. Convert the following interest rate to EAR: 1) 5% per year compounded annually 2) 8% per year compounded semi-annually 3) 16% per year compounded quarterly 4) 7.2% per year compounded monthly (12 points) Show what you input using the financial calculator to get full points. Answer: 1) 2) 3) PMT ? 5. Fill in the blank in the following table: PV Years Interest Rate $1,000 7 8% per year compounded annually $1,000 ? 6% per year compounded monthly ? 10% per year compounded quarterly $1,000 4 2 % per year compounded semiannually $80 6 $30 $200 (16 points) Show your calculation to get full points. Show your calculation here: Question 1: Question 2: Question 3: Question 4
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