A.) For the nominal interest rates of 2%, 4%, 6%, 8%, 10%, 12%,…20%, show the corresponding effective annual rates when compounded: yearly, semiannually, quarterly, over a three-month period, over a two-month period, monthly, daily, and continuously. Deliver the results in the form of a table. It is all right to use excel for calculations, but please also provide the equations for the calculations of the effective annual rate for all compounding periods.
B.) If we assume interest rates of 5%, 10%, and 15%, how long would it take to obtain the amount of money that is two times, three times, four times, and five times higher than the investment we made?