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Question 8 {1.5 points] What is the effective annual rate of 4.6 percent p.a. compounding weekly? Hint: if your answer is 5.14%. please input as
Question 8 {1.5 points] What is the effective annual rate of 4.6 percent p.a. compounding weekly? Hint: if your answer is 5.14%. please input as 5.14, rather than 0.0514, or 5.14%, or 5.14 per cent. Your Answer: :] Answer Question 9 {1.5 points] You want to buy a house in four years and expect to need $246,000 for a clown payment. If you haye $180,000 to inyest, how much is nominal interest rate [compounded quarterly} p.a. to reach your goal? Hint: if your answer is 10.14%, please input as 10.14. rather than 0.1014. or 10.14%, or 10.14 per cent. Your
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