If a nominal interest rate of 8% is compounded continuously, determine the unknown quantity in each of the following situations: Solve, a. What uniform EOY amount for 10 years is equivalent to $8,000 at EOY 10?  b. What is the present equivalent value of $1,000 per year for 12 years? c. What is the future equivalent at the end of the sixth year of $243 payments made every six months during the six years? The first payment occurs six months.

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A: * Note : As per policy only one question will be answered. Please refer to the image below.

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A: In this we have to calculate Present value in three parts and find the total Present value.

Calculating the Return On A Loan