PROBLEMS: (show all work!) 1. What is the EAR if the APR is 15.0% and the compounding period is monthly? Please round to 2 decimal places and use % symbol. (5 pt.s) 2. You decide to endow an annual business school party at DePaul, beginning in 3 years. The party is expected to cost $1,200 at that time, growing at 2%. Interest rates are 4.5%. How much would you need to donate today to fund this? (8 pt.s)