a) an investment at 5%/a, compounded annually, for 5 years
b) an investment at 4.5%/a, compounded semi-annually, for 42 months
c) a loan at 5.2%/a, compounded weekly, for 2 years
a.) conversion period is 1 year (12 months) interest is 5% per period
b.) conversion period is 6 months or 1/2 year interest per period is 4.5 /2 = 2.25 % (.0225 in decimal form)
42 months is 42/6 = 7 periods
c.) conversion period is 1 week there is 104 periods ( 52 weeks x 2 years) interest per period is 5.2 /52 = .1% (this is .001 in decimal)