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1. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 8%. Round your answers to
1. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 8%. Round your answers to the nearest cent. EV of investment: 3 FV of imvestment: 5 K. Five bariks offer nominal rates of 7% on deposits, but A pays interest annually, D pays semiannually, C pays quarterly, D pays monthly, and E pays daily. Assume 365 days in a year. year? 2 years? Round your answers to two decimal places. 2. 1f the TVM is the only consideration, what nominal rate will cause all of the banks to provide the same effective annual rate as Bank A ? Round your answers to two decimal places: 1. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 8%. Round your answers to the nearest cent. EV of investment: 3 FV of imvestment: 5 K. Five bariks offer nominal rates of 7% on deposits, but A pays interest annually, D pays semiannually, C pays quarterly, D pays monthly, and E pays daily. Assume 365 days in a year. year? 2 years? Round your answers to two decimal places. 2. 1f the TVM is the only consideration, what nominal rate will cause all of the banks to provide the same effective annual rate as Bank A ? Round your answers to two decimal places
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