What nominal interest rate per year is equivalent to an effective 16% per year compounded semi-annually? (Place your answer in percentage format and round off to the nearest 2 decimal places) Question 2 10 pts What is the future value of P80,000 annuity deposited every quarter of each year from 2011 to 2013, at an interest rate of 15% compounded annually? (Round off to the nearest 2 decimal places)