Question: Please show complete solution a. What would be the value of the fund after the last deposit if the nominal interest rate is 16.4% compounded

Please show complete solution

Please show complete solution a. What would be the value of the

a. What would be the value of the fund after the last deposit if the nominal interest rate is 16.4% compounded monthly?

b. What is the bi-monthly effective interest rate if the nominal interest rate is 12.1% compounded monthly? Answer in % with 4 decimal places.

c. What would be the value of the fund after the last deposit if the nominal interest rate is 19.8% compounded quarterly?

d. What is the bi-monthly effective interest rate if the nominal interest rate is 19.5% compounded quarterly? Answer in % with 4 decimal places.

e. What is the bi-monthly effective interest rate if the nominal interest rate is 14.6% compounded annually? Answer in % with 4 decimal places.

f. What would be the value of the fund after the last deposit if the nominal interest rate is 15.7% compounded semi-annually?

Bi-monthly deposits of 16,000 are made to accumulate a fund at the end of 8 years. Round off final answers for leff to 4 decimal places and final answers for future fund value F to two decimal figures

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