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Suppose you are committed to owning a $190,000 Ducati Heavy Bike. If you believe your mutual fund can achieve a 12% annual rate of return

Suppose you are committed to owning a $190,000 Ducati Heavy Bike. If you believe your mutual fund can achieve a 12% annual rate of return and you want to buy the bike in nine years on the day you turn 30, how much must you invest today?
You are looking at an investment that has an effective annual rate of 14%.

A, What is the effective semiannual return?

B, What is the effective quarterly return?

C, What is the effective monthly return?

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