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a.Suppose you make equal quarterly deposit of $2,500 into a fund that pays interest at a rate of 8% per year compounded monthly. Find the

a.Suppose you make equal quarterly deposit of $2,500 into a fund that pays interest at a rate of 8% per year compounded monthly. Find the balance at the end of year 2.

b.What is the effective interest rate per quarter as a nominal rate of 8% per year compounded continuously?

What is the effective interest rate per quarter as a nominal rate of 12% per year compounded continuously? Choose the one closest to the answer.

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