You have some money given to you by Uncle Louie today and you invest it for a number of years at the best rate at your favorite bank - but you are given the option how to compound - so calculate the annual compound rates based on the given compounding frequency You borrow a lot of money again, but this time the bonk says they will charge you a discount rate (you get the proceeds net of the interest charge at the given rate times the grow amount). What is your effective annual cost of borrowing? Assume one year