Question: need help with 2 and 7 Question 2 (3 points) What is the future value of $1,500 after 5 years if the nominal interest rate

need help with 2 and 7

Question 2 (3 points) What is the future value of $1,500 after 5 years if the nominal interest rate is 6%, compounded semiannually? $2,223 $1.915 $2,016 $2,117 $1,819 Question 7 (3 points) Bank A offers you a loan with a 16% annual percentage rate and monthly compounding. What rate are they effectively offering you? 17.23% 1.33% 16.00% 33.33% n 7

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