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* Calculate the effective annual interest rate of the following savings schemes: -12% annual interest compounded monthly. -18% annual interest compounded weekly. - * Now

***** Calculate the effective annual interest rate of the following savings schemes:

-12% annual interest compounded monthly.

-18% annual interest compounded weekly. -

***** Now calculate ie for the following data:

-14% annual interest compounded monthly. Also semi annually.

-10% annual interest compounded weekly. Also semi annually.

-13% annual interest compounded weekly. Also for the next 2 years.

-9% annual interest compounded semi annually. Now for the next 2 years.

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