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If the nominal annual interest rate is 7.5% compounded monthly, what is the effective quarterly...

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If the nominal annual interest rate is 7.5% compounded monthly, what is the effective quarterly interest rate? O a. 2.10% O b.1.76% O c. 1.89% O d. 3.28% O e. 2.14% An investment of $50,000 yields a net annual income of $12,000 for 6 years. What is the annual interest rate of this investment? a. 15.62% b. 12.58% c. 16.10% d. 9.62% e. 11.53% You decided to put away 4% of your annual salary for retirement. Your annual salary is $23,000 for the first year (at age 24) and it increases by 4% every year until your retirement (at age 55). What will be the worth of your account when you retire if the interest is 6% per year? O a. $97,697.20 O b. $135,485.09 O c. $161,569.85 d. $84,692.833 e. $124,993.22

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