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Find number of years then the effective rate ( 10 pts): (a) If P 25,000 is invested at 8% interest compounded quarter1y, how many years

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Find number of years then the effective rate ( 10 pts): (a) If P 25,000 is invested at 8% interest compounded quarter1y, how many years will it take for this amount to accumulate to pat, 4000? (b) Determine the effective rate for each of the following: 1. 12% compounded semi-annua 11y 2. 12% compounded quarter 1y 3. 12% compounded monthiy

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