Note: Draw a cash flow for each case and then calculate the required value. 5. For a 1.5% interest rate per month compunded monthly, determine effective annual interest rate. 6. For 18% annual iterest rate compunded monthly determine: a. Effective monthly rate. b. Effective quarterly rate c. Effective semiannual rate d. Effective annual rate 7. If a bank advertises a savings account which pays 8% nominal interest rate compunded continuosly, what is the effective annual percentage rate? 8. How long will it take money to triple with continuous compunding at 8% interest? 9. Suppose your savings account pays 6% interest compounded monthly. If you deposit 18,000 TL for four years, how much will you have? 10. If the interest rate is 9.3% compounded continuosly, what is the required quarterly payment to repay a loan of 15,000TL in 8 years