What to do

The tasks below are described in a way that assumes everything is in units of MONTHS (rate parameters, therefore, have units of inverse months). If any quantity is not given in those units, you need to convert it first (e.g. if it says a year, you need to convert it to 12 months).

Task 1:

Task 2:

Task 3:

Task 4:

Task 5:

Task 6:

Task 7:

Task 8: