Calculate the nominal rate for each of the following general ordinary annuities given the present or future value of the annuity Note Please make sure your final answer(s) are in percanta form and are accurate to 2 decimal places. For example 34 56% Payment interval Interest Compounding Present or Future frequency Periodic Term Rate value payments $800.00 Every quarter year 12 years, 6 months 0.00% ro00 00 Semi-annually PV = $30,946.62 Semi-annually FV = $70,943.40 FYAry guarter year 12 years, 3 months 0.00%

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 11E
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Question 9
Calculate the nominal rate for each of the following general ordinary annuities given the present or future value of the annuity Note. Please make sure your final answer(s) are in percantage
form and are accurate to 2 decimal places. For example 34 56%
Periodic
payments
Payment
interval
Interest Compounding Present or Future
frequency
Term
Rate
value
Every quarter year 12 years, 6 months 0.00%
Every quarter year 12 years, 3 months 0.00% Semi-annually FV = $70,943.40
$800.00
Semi-annually PV = $30,946.62
$900.00
SAVE AND CLOSE
Transcribed Image Text:Question 9 Calculate the nominal rate for each of the following general ordinary annuities given the present or future value of the annuity Note. Please make sure your final answer(s) are in percantage form and are accurate to 2 decimal places. For example 34 56% Periodic payments Payment interval Interest Compounding Present or Future frequency Term Rate value Every quarter year 12 years, 6 months 0.00% Every quarter year 12 years, 3 months 0.00% Semi-annually FV = $70,943.40 $800.00 Semi-annually PV = $30,946.62 $900.00 SAVE AND CLOSE
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