Section A: MCQ (each question carries 4 marks) Question ! Calculate the effective annual rate for an annual percentage rate of 10 per cent with calculations donc on a Quarterly basis: a. 8.34 percent b. 10.47 percent C 11 percent d. 10.381 percent Question 2 Your beginning balance is $1200. With an APR of 12 percent, what is your balance at the end of the year if calculations are done on a semi-annual basis? a. S1352.19 b. S1400.00 c. 1543.32 d. S1348.32 Question 3 You invest $7500 in a saving account that pays interest rate of 12% compounded monthly. What is the value of your account after 24 months, compounded monthly. a) $13,681.87 b) $7891.820 c) S9523.01 d) None of the above answers is correct Question 4 The project's NPV is to be likely higher if a) Discount rate is higher b) Discount rate is lower c) Cash flows are higher d) Both b and c are correct answers