11. Please choose the correct answer and give the full clear solution! (No need for explanations!) Thank you!!

Question 11 Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly What is the monthly effective interest rate? Select] If the objective of these deposits is to accumulate $100,000 by the end of the fifth year, what is the amount of each deposit? [ Select] none of the choices 1% 0.5% 6.17% 6% If the deposit amount is increased by $100, how much earlier in number of months will the payment period be reduced? [ Select ] What is the effective annual interest rate per year? [ Select ] If the compounding is changed to quarterly, what is the amount of each deposit if the total payment period and effective annual interest rate are to be maintained? [ Select ] Question 11 10 pts Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. What is the monthly effective interest rate? [ Select] If the objective of these deposits is to accumulate $100,000 by the end of the fifth year, what is the amount of each deposit? Select] If the deposit amount is increased by $100, how much earlier in number of months will the payment period be reduced? [ Select] 1978.30 1987.46 1456.14 1933.28 none of the choices What is the effective annual interest rate per year? [ Select] If the compounding is changed to quarterly, what is the amount of each deposit if the total payment period and effective annual interest rate are to be maintained? [ Select] Question 11 Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. What is the monthly effective interest rate? [ Select ] If the objective of these deposits is to accumulate $100,000 by the end of the fifth year, what is the amount of each deposit? [ Select] If the deposit amount is increased by $100, how much earlier in number of months will the payment period be reduced? [ Select ] Select] 4 3 What is the effective annual interest rate per year? none of the choices 2 5 If the compounding is changed to quarterly, what is the amount of each deposit if the total payment period and effective annual interest rate are to be maintained? [ Select ] Question 11 Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly What is the monthly effective interest rate? [ Select ] If the objective of these deposits is to accumulate $100,000 by the end of the fifth year, what is the amount of each deposit? [ Select ] If the deposit amount is increased by $100, how much earlier in number of months will the payment period be reduced? Select] What is the effective annual interest rate per year? [ Select) If the compounding is changed to quarterly, what is the amount of each deposit if the total payment period and effective annual interest rate are to be maintained? Select 1 none of the choices 6% 0.5% 1% 6.17% Question 11 10 pts Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. What is the monthly effective interest rate? [ Select ] If the objective of these deposits is to accumulate $100,000 by the end of the fifth year, what is the amount of each deposit? [ Select] If the deposit amount is increased by $100, how much earlier in number of months will the payment period be reduced? [ Select ] What is the effective annual interest rate per year? Select ] If the compounding is changed to quarterly, what is the amount of each deposit if the total payment period and effective annual interest rate are to be maintained? [ Select ] Select ] 5828.88 5861.53 5824.57 5799.84 none of the choices