You set up a college fund in which you pay $2000 each year at the end of the year. How much money will you have accumulated in the fund after 8 years, if your fund earns 11% compounded annually? Your Answer: What is the effective annual rate (EAR) of 8% compounded monthly? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%) Your