If z=.06. what is the equivalent nominal annual rate nominal annual rate of discount compounded monthly? 7. of interest compounded monthly? the 8. If .02 is the effective rate of interest 2nd part: discount) per quarter of a year what is the equivalent effective annual rate of interest? 9. which rate of interest is more favorable to an investor 5% compounded semi-annually or 4.95% compounded daily (note: assumed year is 12, 30-day months)? 10. If f9 .05 what is the equivalent d d 11. Write an expression for the pres at value of $100 in 15 months (ie A( = 100 If- 057 If funds invested today will earn 8% for the next 10 years and at least 5% for the following 10 years what is the most one must invest today to accumulate $1 million in 20 years? 12, What level rate of interest is equivalent to 8% for the next 10 years followed by 5% for the following 10 years? 13