1. Payments on a three-year lease valued at $18,050 are to be made at the beginning of every six months. If interest is 3.9% compounded semi dash annually, what is the size of the semi dash annual payments? The size of the semi dash annual payments is $______ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

2. If $980.00 accumulates to $1211.29 in three years, six months compounded quarterly comma what is the effective annual rate of interest?

The effective annual rate of interest is______%. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

please do not use ai

Answer rating: 100% (QA)

Given the information provided we have the formula for the effective ... View the full answer