$4,000 is invested at 7%p.a compounding semi-annually for the first 4 years and at 15% p.a compounding quarterly for the following 1 years. What is the future value at the end of 5 years? (round to nearest dollar; don't include $ sign or commas) Answer: You invested $7,000 in a savings deposit 6 quarters ago and it has grown to $7858 today. What nominal rate of annual interest (compounding quarterly) did you earn? (expressed as a percentage to two decimal places; don't use the % sign) Answer: Which of the following is TRUE about simple interest? Select one: 9 A. We never use simple interest rates in financial calculations. OB. If we have an effective annual rate (EAR) of return for 3 years, we can just divide the EAR by 3 to get the equivalent annual simple rate of return. C. Simple interest does not allow for any interest-on-interest. D. Both B and C are correct. You owe your parents $28,000 (in present day dollars) and want to repay them in equal amounts the first to occur in 3 years from today and the other in 7 years from today. If the interest rate is 12.2% per annum compounding monthly, what will be the amount of each repayment? a. $24948 b. $40301 c. $65490 O d. $39550