Find an effective rate that corresponding to a nominal rate of 8% compounded quarterly. Find an effective rate that corresponds to a nominal rate of 12% compounded semiannually. If exist1000 grows to exist1404.90 in 3 years. What rate of interest has been earned? An investment account has been set up by a single so that in 10 years can grow to exist25000. Find how much that payment has to be to earn 8% semiannually. If Joe has a choice of investing exist20,000 in a savings account which pays 8% compounded semiannually or investing in another business entity that will pay after 8 years. Which is a better investment for Joe? Find the amount of an annuity due in 10 years with a payment of exist5000 per year annual percentage rate of 10%. solve the above problem for ordinary annuity