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please show all steps 1.) If the interest ratee is 4.5%, what is the time period (TP)? What is the compounding period (CP)? Is this
please show all steps 1.) If the interest ratee is 4.5%, what is the time period (TP)? What is the compounding period (CP)? Is this a nominal or an effective rate? What is the nominal quarterly rate? What is the nominal annual rate? 2.) If the interest rate is 1.5 per month, what is the time period (TP)? What is the compounding period (CP)? Is thus a nominal rate or an effective rate? What is the nom inal quarterly rate? What is the nominal annual rate? 3.) If the interest rate is 2.25% per quarter, compounded monthly, what is the effective rate? What is the effective quarterly rate? What is the effective annual interest rate? 4.) How much can you borrow if you are willing to make a single payment of $100,000 12 years from now and the lender will charge and the lender will charge 6% annual interest, compounded quarterly? 5.) How much will you accumulate over 14 years if you deposit $10,000 today and the account will pay 3.75% annual interest, compounded continuously? 6.) A five-year automobile loan of $32,000 has terms of 6 % per year compounded monthly. What is the monthly payment? What is the total interest paid over the life of the loan
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