Question 9Calculate 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 percantageform and are accurate to 2 decimal places. For example 34 56%PeriodicpaymentsPaymentintervalInterest Compounding Present or FuturefrequencyTermRatevalueEvery quarter year 12 years, 6 months 0.00%Every quarter year 12 years, 3 months 0.00% Semi-annually FV = $70,943.40$800.00Semi-annually PV = $30,946.62$900.00SAVE AND CLOSE

We need to use RATE function in excel to calculate nominal rate of return. The formula is…

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%

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%

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Present Value $16,000 Interest Rate Compounding Period 6.4% quarterly Periodic Payment $1800 et || Payment Interval 1 year The term of the annuity is year(s) and month(s). W X 3 Time Remaining 3°C Partly cloudy ㅅㄹ
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