Q1:

There are multiple banks that give you the following rates for borrowing funds:

Bank (1) gives you 6.00% (in weekly compounding)

Bank (2) gives you 6.45% (in monthly compounding)

Bank (3) gives you 6.00% (in annual compounding)

Bank (4) gives you 5.95% (in continuous compounding)

With this in mind, what bank do you borrow from?

Q2:

The PV (present value) of an Annuity that pays $3000 in the next 6 years, with a 6% interest on investment is:

[Keep in mind that the assumed current interest rate is 4%, it is annually compounded and remains the same throughout the years, and payments are dispersed at the end of each annual year, and thus the last installment is paid in full by the end of the sixth year.]