Bi-monthly deposits of 16,000 are made to accumulate a fund at the end of 8 years. Round off final answers for i_eff to 4 decimal places and final answers for future fund valueF to two decimal figures.

1. What is the bi-monthly effective interest rate if the nominal interest rate is 19.8% compounded bi-annually? Answer in % with 4 decimal places.

2. What would be the value of the fund after the last deposit if the nominal interest rate is 13.8% compounded quarterly?

3. What would be the value of the fund after the last deposit if the nominal interest rate is 16.2% compounded bi-annually?

4. What would be the value of the fund after the last deposit if the nominal interest rate is 19.4% compounded semi-annually?

5. What would be the value of the fund after the last deposit if the nominal interest rate is 18.5% compounded monthly?