If the EAR of interest is known to be 16% on a debt that has semi-annually payments, what is the annual percentage rate? Multiple Choice 16.95% 15% 15.41% 15.84% Which one of the following arguments is correct? Multiple Choice NEW YORK STOCK EXCHANGE (NYSE) IS NOT considered as financial markets. Mutual funds provide small Investors with low-cost diversification. An Individual can save and Invest in a corporation only by purchasing additional shares. Investment banks raise money from depositors and make loans to Individuals and businesses. Which of the following is NOT a function of financial markets? Multiple Choice Transport Cash across time Risk transfer and diversification Mitigate agency problem Provide Information Old Time Savings Bank pays 3% annual interest rate on its savings accounts. If you deposit $3000 in the bank and leave it there. Assume bank pays annual compounded interest. How much interest will you earn in the first year? How much interest will you earn in the thrid year? How much interest will you earn in the 8th year? [Please round your answer to the nearest whole number] Multiple Choice $90;$98;$114 $90;$98;$111 O $90:895;311 $90:$95;$114