Question: Can you help with the following exercise based on compound interest and effective rate? Please, provide all steps per exercise with a clear and understandable

Can you help with the following exercise based on compound interest and effective rate? Please, provide all steps per exercise with a clear and understandable format. This is my second time asking. Thank you.

PLEASE, provide step by step solution for better understanding please. (No Notebook or Board). (Clean Format).

IV. Suppose $ 1,000 is deposited into a savings and loan account that pays 8% interest compounded semi-annually. Use compound interest to calculate the following: a) How much money will you have saved? b) How much will be owed after 2 years? Charlie invests $5,000 in a bank at 5.15% compounded annual interest each quarter. Use compound interest to determine what the annual percentage return is. V

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