URGENT!!!!!!

1. Find the PV of $500 due in the future with 12% nominal rate with quarterly compounding discounted back 5 years. 2. Find the amount to which $500 will grow when 12% is compounded monthly for 5 years. 3. Bank A pays 4% interest compounded annually on deposits, while Bank B pays 3.5% compounded daily. Based on the EAR (EFF%), which bank should you use? 4. As a jewelry store manager, you want to offer credit, with interest on outstanding balances paid monthly (m = 12). To carry receivables, you must borrow funds from your bank at a nominal 6%, monthly compounding (m =12). To offset your overhead, you want to charge your customers an EAR (or EFF%) that is 2% more than the bank is charging you. What APR rate should you charge your customers? 5. Construct an amortization schedule for a $1,000, 10% annual rate loan with semi-annual compounding. The loan is for 3 years. (note payments will now be semi-annual, so the schedule will have 6 rows (2x3). Also periodic interest will be 5% (10/2))