1 Compute the future value after 1 year for $100 invested at 4 interest compounded quarterly What simple interest rate will yield the same amount in 1 year 2 Compute the future value after 1 year for $100 invested at 2 7 interest compounded monthly What simple interest rate will yield the same amount in 1 year

Question: 1. Compute the future value after 1 year for $100 invested at 4% interest compounded quarterly. What simple interest rate will yield the same amount

1. Compute the after 1 year for $100 invested at 4% interest compounded quarterly. What simple interest rate will yield the same amount in 1 year?
2. Compute the after 1 year for $100 invested at 2.7% interest compounded monthly. What simple interest rate will yield the same amount in 1 year?

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