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a. What would be the value of the fund after the last deposit if the nominal interest rate is 16.4% compounded monthly?

b. What is the bi-monthly effective interest rate if the nominal interest rate is 12.1% compounded monthly? Answer in % with 4 decimal places.

c. What would be the value of the fund after the last deposit if the nominal interest rate is 19.8% compounded quarterly?

d. What is the bi-monthly effective interest rate if the nominal interest rate is 19.5% compounded quarterly? Answer in % with 4 decimal places.

e. What is the bi-monthly effective interest rate if the nominal interest rate is 14.6% compounded annually? Answer in % with 4 decimal places.

f. What would be the value of the fund after the last deposit if the nominal interest rate is 15.7% compounded semi-annually?

Bi-monthly deposits of 16,000 are made to accumulate a fund at the end of 8 years. Round off final answers for leff to 4 decimal places and final answers for future fund value F to two decimal figures