Question: Need explanations on how to do these problems. .Problem 1.(12 pts) Consider two investment schemes A and B. Scheme A offers 12% interest with annual

Need explanations on how to do these problems. .Problem 1.(12 pts)

Need explanations on how to do these problems.

.Problem 1.(12 pts) Consider two investment schemes A and B. Scheme A offers 12% interest with annual compounding. Scheme Boers 11.5% interest with monthly compounding. Cal- culate the accumulated amount after 10 years on a principal of $1,000 for these schemes. . Problem 2.(12 pts) Brian purchases a 7 year annuity with TO payments at the end of every quarter for SX. The first payment is $350 and each subsequent payment is $50 more. How much did Brian pay for the annuity if the interest was 14% convertible quarterly

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