P.s

Please solve the whole A and B section, otherwise I would count ur answers incomplete. Tnx

a) Without calculating any values, explain which option you would prefer: 500 that has been invested for 3 years at 6% interest payable annually or 500 that has been invested for 3 years, where every 6 months 3% interest is added to the account? (1 mark) b) 1. Calculate the value at the end of the tenth year of 5000 invested at an annual rate of interest 10%. (5 marks) II. Calculate the value at the end of the third year of 30000 invested at an annual rate of 8%. (5 marks) III. Calculate the value at the end of the fifth year of 500 invested at an annual rate of 10% compounded monthly (2 marks) and the effective annual rate in this case (3 marks). IV. Calculate the value at the end of the fourth year of 800 invested at a nominal rate of 7% compounded quarterly (2 marks) and the effective annual rate in this case