1. When considering the two investments rules how do they effect the investment choice when considering a pair of potential investments? Would you consider a higher risk in your investment choice or a lower risk to be safe?
2. A loan has quarterly payments. The APR is 22%, and interest is compounded 12 time(s) per year. Calculate the effective interest rate that would be needed to find the payment amount for the loan. Enter your interest rate in decimal format, rounded to 4 decimals (ex: for 4.56789% you would enter .0457).