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Monica irvests $1100 into an account the beginning of each quarter for 5 years, starting from today. Interest is to be paid at an interest

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Monica irvests $1100 into an account the beginning of each quarter for 5 years, starting from today. Interest is to be paid at an interest rate of 1.2% per month, compounded monthly. Peter, would like to invest two lump sums at the beginning of the 2nd year and 4th year, with the lump sum payment 5 times greater at the 4th year than the 2nd year. Peter's account receives the same interest rate as Monica. Determine the effective interest rate per quarter under this investment. Round your answer to the nearest 0.019 One possible correct answer is: 3.6433728 Determine the future value of Monica's investment at the end of the 5 years. Round your answer to the nearest $100 Ont passible correct answer is: 33820.190089658 Determine what lump sum Peter must invest at the beginning of the 2nd year that would yield the same yield value as Monica by the end of the 7 years. Round your answer to the nearest $100. One possible cotrect answer is; 4629.1915156197

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