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1. You invested $6,000 at the end of each year for 7 years in an investment...

1. You invested $6,000 at the end of each year for 7 years in an investment fund. If the balance in the fund at the end of 7 years was $54,000, what was the nominal interest rate compounded annually?

2. Quarter-end payments of $1,510 are made for 9 years to settle a loan of $38,660. What is the effective interest rate charged on this loan?

3. Quarter-end payments of $1,510 are made for 9 years to settle a loan of $38,660. What is the effective interest rate charged on this loan?

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