semiannually. After four years, it accumulates to 214,358.88. Investment Y for 100,000 is invested at a nominal interest rate of k convertible quarterly. After two years, it accumulates to 232,305.73. Investment Z for 100,000 accumulates at an annual effective rate of j for the first two years and an annual discount rate of k convertible monthly for the next two years. (a) Calculate the ratio between k and j. (b) If investment Z is invested at an annual effective rate of i, calculate i for the investment value at the end of four years. [3 marks) (c) Evaluate the ratio between the investment value of Z at the end of first year

am.112.

A deposit account pays 10% per annum with continuous compounding. Consider the following statements. I. The equivalent semi-annually compounded annualized interest rate is 10.2542%. II. The interest paid at the end of the first 3 months on an initial investment of $1,000,000 in the deposit account is $51,271 (rounded to the nearest dollar) Which of the following is correct? Question 9Answer a. Statement I is correct, Statement II is incorrect. b. Both statements are correct. c. Both statements are incorrect. d. Statement I is incorrect, Statement II is correct.