Remember, this set of exercises is for you to practice. Just do your best. 1. What amount of money will you have accumulated after 5 years, if $35,000 is invested at 12% payable every two months? a. Now consider the bank offers you a nominal simple rate equivalent to 15%. Which one do you prefer and why? 2. At what effective interest rate must $11,500 pesos need to be deposited to have $13,000 available at the end of a 3 -month term? Consider that the interest is compounded daily 3. You want to invest $30,000 for the next 3 years. How much interests you pay in each option? (Don't forget to show your procedures) a. 15% nominal b. 18% payable semi annual c. 17% payable every 4 months d. 16.5% payable every 3 months 4. Estimate the effective rates of the previous exercise. 5. Estimate the effective rate that is payable every 3 months equivalent to a nominal interest rate of 18% payable semi annual