Question: In Problems 1 and 2, find (a) the compound amount and (b) the compound interest for the given westment and rate. 1. $250 after 5

In Problems 1 and 2, find (a) the compound amount and

In Problems 1 and 2, find (a) the compound amount and (b) the compound interest for the given westment and rate. 1. $250 after 5 years with an effective rate of 12% 2. $1000 after 15 quarters with an effective rate of 25% In Problems 3-6, find the effective rate, which corresponds to the given nominal rate and round it to three decimal places. 3. 2.5% compounc'ed quarterly 4. 13% compounded daily 5. 6.25% compounded semiannually 6. 10.14% compounded yearly

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