QUESTION 1 How many years will it take for an investment of $1,025 to grow to $2,488 if it is invested at 8% compounded semiannually? Please round your answer to the second decimal (e.g. 0.00) QUESTION 2 If you deposit $4,533 in an account that pays an annual interest rate of 5.97% compounded quarterly, what will your account balance be in 4 years? Please round your answer to the second decimal (e.g. 0.00) QUESTION 3 You plan to buy a nice fur coat for your mother as her 60th birthday gift next year. The fur coat will cost you $201. To purchase the fur coat next year, you need to set aside an amount in a saving account. Your bank will pay you 8.89% compounded monthly. How much do you need to deposit today so that you can accumulate sufficient cash to make the purchase in 1 year? Please round your answer to the second decimal without dollar sign. (e.g. if the answer is $100, then you should input 100.00) QUESTION 4 At what rate of interest must your savings of $552 be compounded monthly for it to grow to $665 in 5 years? Please round your answer to the fourth decimal (e.g. 0.0000) QUESTION 5 What is the effective annual rate (EAR) with an annual rate of 2.01% compounded continuously? Please round your answer to the fourth decimal. (e.g. if the answer is 1.11%, you should input 0.0111)