8. If you make quarterly deposits of $1000 for 15 years into an account that compounds interest at 1.5% per month, what is the value F at end of the 15-years period. (Ans. $297,381.08) (Draw the Cashflow) 9. Julie has a low credit rating, plus she was furloughed from her job 2 months ago. She has a new job starting next week and expects a salary to start again in a couple of weeks. Since she is a little short on money to pay her rent, she decided to borrow $100 from a loan company, which will charge her only $10 interest if the $110 is paid no more than 1 week after the loan is made. What are the: (Draw the Cashflow) (a) nominal annual and (b) effective annual interest rates that she will pay on this loan