Question: Question 2.08 marks) 1. What rate, compounded monthly, is equivalent to 18% compounded quarterly? (5 marks) 2. What rate, continuously compounded, is equivalent to 9%

Question 2.08 marks) 1. What rate, compounded monthly, is equivalent to 18% compounded quarterly? (5 marks) 2. What rate, continuously compounded, is equivalent to 9% compounded daily? (5 marks) 3. Find an effective rate that is equivalent to a monthly compounded rate of 10%? (5 marks) 4. How much money will you have, 9 years from today, if you receive $600 at the end of each quarter for 9 years, if the interest rate is 10% compounded quarterly? (6 marks) 5. What is the value today of 500 received at the beginning of each period of six months for 12 years and the interest rate is 8% compounded semi-annually? (7 marks) 6 Comider a mortpage on a home valued at $480,000 with an interest rate of 6% compounded semi-annually, for a period of 15 years. Assume a 20% downpayment and monthly payment Find the monthly payment, (5 marks) Show the detail of the payment for the first month

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