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j. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 9%. Year Payment 1 $200
j. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 9%. Year Payment 1 $200 2 $400 3 $500 Round your answers to the nearest cent. PV of investment: $ fill in the blank 33 FV of investment: $ fill in the blank 34 k. Five banks offer nominal rates of 8% on deposits, but A pays interest annually, B pays semiannually, C pays quarterly, D pays monthly, and E pays daily. Assume 365 days in a year. What effective annual rate does each bank pay? If you deposit $5,000 in each bank today, how much will you have in each bank at the end of 1
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