An investment offers an annual interest rate i 12, Financial Management

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An investment offers an annual interest rate i 12

1. What is the future value of $109 saved at i = 15.35%, compounded annually in 1 year?

2. What is the future value of $53 saved at i = 17.95%, compounded annually in 2 years?

3. What is the future value of $99 saved at i = 14.25%, compounded semi-annually in 2 years?

4. What is the future value of $1082 saved at i = 16.50%, compounded quarterly in 4 years?

5. An investment offers an annual interest rate i = 12% compounded monthly. What is the effective annual rate?

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