Your bank offers 3-year certificates of deposit with a stated rate of interest of 11.82 % p.a., compounded quarterly. Your cousin (who works at Acme Bank and Trust, a competitor) wants to know what stated rate of interest you would require from them in order to switch your business to their bank. Acme's CD's are compounded on a monthly basis. What is the minimum stated interest rate you should ask for from Acme in order to make you indifferent to switching? Round your answer to 2 decimal places and enter your answer as a percent, but without a percent sign. For example, enter 25.48632% as 25.49. Your Answer: Answer You want to accumulate $1,000,000 in retirement funds by your 65th birthday. Today is your 30th birthday, and you plan on making annual investments into a mutual fund that you project will earn a 10% annual rate of return. Your first payment will take place one year from today, and your last payment will take place on your 65th birthday. What is the amount of the annual payment you must make each year in order to reach your goal? Round your answer to two decimal places and record without a dollar sign and without a comma. Your