When will the EAR equal the nominal (quoted) rate? 1. What is the value at the end of Year 3 of the following cash flow stream if interest is 4% compounded semiannually? 2. What is the PV? 3. What would be wrong with your answer to parts l(1) and l(2) if you used the nominal rate, 4%, rather than the EAR or the periodic rate, I_NOM/2 = 4%/2 = 2%, to solve the problems? m. 1. Construct an amortization schedule for a $1,000, 4% annual interest loan with three equal installments. 2. What is the annual interest expense for the borrower and the annual interest income for the lender during Year 2