determine i. the interest rate for each conversion period ii. the number of conversion periods
1. a deposit at 8.2%/a, compounded quarterly, for 16 months
2. a loan at 5.2%/a, compounded weekly, for 2 years
Determine: i. the amount ii. ii. the interest earned
a. $7500 invested for 6 years at 6%/a, compounded monthly
b. $28 200 invested for 10 years at 5.5%/a compounded semi-annually
