Question 1 Not yet saved You are wishing to accumulate $11,000 for an expedition in 6 years' time. To do this, you will make 12 equal deposits (half yearly) with the first deposit today. If you earn 4.4% per annum compounding twice yearly, what deposit will be needed? (round to nearest cent; don't use $ sign or commas) Marked out of 1.00 P Flag question a. $793.52 b. $810.97 c. $402.99 d. $1572.59 Question 2 Not yet saved $8,000 is invested at 4%p.a compounding semi-annually for the first 3 years and at 14% p.a compounding quarterly for the following 4 years. What is the future value at the end of 7 years? (round to nearest dollar; don't include $ sign or commas) Marked out of 1.00 P Flag question Answer: Question 3 Not yet saved If money is invested for 5 years, the per annum simple interest rate equivalent to a nominal rate of 14.6%p.a compounding quarterly is (as a percentage rounded to three decimal places; don't use % sign): Marked out of 1.00 P Flag question Answer: Question 4 Not yet saved Which of the following is CORRECT? When discounting an amount to be received in one years time at a rate that is quoted as 12% compounding quarterly, we can: Marked out of 1.00 P Flag question Select one: A. Discount the amount using an effective monthly rate of 1% where the number of periods is 12. B. Discount the amount using an effective annual rate (EAR) of (1+0.01)^12-1 =12.6825% where number of periods is 1. C. Discount the amount using the annual rate of 12% where number of periods is 1. D. Discount the amount using the effective quarterly rate of 3% where the number of discount periods is 4