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4a- 4c please and thank you 4a) What is the EAR if APR = 12% and daily, monthly, quarterly and semi-annually compounding? 4b) Suppose that
4a- 4c please and thank you
4a) What is the EAR if APR = 12% and daily, monthly, quarterly and semi-annually compounding?
4b) Suppose that we want to save for a car. We want to save $5,000 a year starting a year later. With 8%
annual rate, whats our affordability 4 years later?
4c) Calculate the total future value in 8 years if you save $1000 per year starting a year from today? How
about starting today? Assume interest rate = 8%
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