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A bank offers an annual rate of 10% with monthly compounding if you invest $30,000 for 12 years. 1.1 Calculate the amount of money in

A bank offers an annual rate of 10% with monthly compounding if you invest $30,000 for 12 years.

1.1 Calculate the amount of money in the account by the end of the 12 years.

1.2 Calculate the annual rate which is equivalent to the bank's offer rate, if this rate is with:

1.2.1 semiannual compounding; R₂

1.2.2 continuous compounding; r_c

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