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t is now October 28, 2021. Today you will deposit tk. 100,000. into a savings account that pays quoted rate of 8%. Require: i. If the bank compounds interest annually, semiannually, and quarterly how much will you have in your account on October 28, 2025? ii. What is the Effective Annual Rate (EAR) corresponding to a nominal rate of 8% if compounded annually, semiannually, and quarterly. When will the EAR equal the nominal (quoted) rate?

The first word is--- "It"