. What is the present value of the following uneven cash flow stream? The annual interest rate is 4 %. 4% 4 Years $100 $300 $300 -$50 j. 1. Will the future value be larger or smaller if we compound an initial amount more often than annually (e.g., semiannually, holding the stated (nominal) rate constant)? Why? 2. Define (a) the stated (or quoted or nominal) rate, (b) the periodic rate, and (e) the effective annual rate (EAR 3. What is the EAR corresponding to a nominal rate of 4% compounded semiannual! ? Compounded quarterly? inding? Quarterly compounding? Compounded daily