Question: Question 3[0.5+0.5=1 mark ] (Compound value solving for) At what annual rate would the following have to be invested? (a) $50 to grow to $280.20

Question 3[0.5+0.5=1 mark ] (Compound value solving for) At what annual rate would the following have to be invested? (a) $50 to grow to $280.20 in twenty years (b) $200 to grow to $497.60 in five years Question 4[0.5+0.5=1 mark ] (Effective interest rate) You are offered the following alternative ways of investing $1,000, all for a period of one year. Rank the four investments by computing the effective annual interest rate. Confirm this ranking by determining the future value. (a) At 10% p.a. compounded half-yearly (b) At 10% p.a. compounded quarterly

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