*A downtown bank is advertising that if you deposit $1,000 with them, and leave it there for 60 months, you can get $1801 back at the end of this period. Assuming quarterly base compounding, what is the annual rate of interest paid by the bank?

*Cincinnati Company has decided to put $30,000 per quarter in a pension fund. The fund will earn interest at the rate of 8% per year, compounded quarterly. Find the amount available in this fund after 10 years.

*What is the effective interest rate for one dollar invested in the bank at 9% nominal annual rate compounded at daily basis ( use 365 days in a year )?