a.) What is the nominal annual rate of interest compounded semi-annually at which $565.00 will accumulate to $1936.84 in seven years and six months?

The nominal annual rate of interest is _____%.

b.) A non-interest bearing promissory note for $1953.00 was discounted at 6% p.a. compounded monthly. If the proceeds of the note were $1785.00,

how long before the due date was the note discounted? State your answer in years and months (from 0 to 11 months).

The note was discounted ____year(s) and _______month(s) before the due date.

c.) If an investment of $1060.00 earned interest of $253.00 at 5.4% compounded semi-annually, for how many years and months was the money invested? State your answer in years and months (from 0 to 11 months).

The money was invested for ______year(s) and _______month(s).