2.4.3 ITEx7.03 H

The nominal annual interest rate compounded monthly is 12%. Find the accumulated value at the end of 10 years of an annuity-due that makes monthly payments at a rate of $36 per year for 10 years. *Use K-nominal or J-effective method. (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 123.45)

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2.4.3 ITEx7.04 H

The nominal annual interest rate compounded monthly is 12%. Find the present value of a perpetuity due that makes monthly payments at a rate of $36 per year forever. (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 123.45) Use K-nominal or J-effective method: K-nominal: the annual rate of payment is $36 per year, so you have PV = 36 ( a double-dot angle-infinity upper-12) J-effective: you can focus on the monthly payment $3.