Q$1-$ Payments of $$1,250$ in $1$ year and another $$2,400$ in $4$ years to settle a loan are to be rescheduled with a payment of $$950$ in $24$ months and the balance in $30$ months. Calculate the payment required in $30$ months for the rescheduled option to settle the loan if money earns $5\mathrm{.}45\%$ compounded quarterly during the above periods.

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Q$2-$ Two payments of $$11,000$ and $$2,300$ are due in $1$ year and $2$ years, respectively. Calculate the two equal payments that would replace these payments, made in $3$ months and in $5$ years if money is worth $4\%$ compounded quarterly.

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Q$3-$ Kaitlyn invested an amount of $$16,000$ in a mutual fund. After $2$ years and $6$ months the accumulated value of her investment was $$16,864\mathrm{.}32.$ What is the quarterly compounded nominal interest rate of the investment?

$\%$

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