a) Alto and Chn have identical annuities except Alto has an annuity due and

Chn has an annuity immediate. Alto's annuity is worth $1070190.00 and Chn's is worth $1035000.00.

What is the effective interest rate per period?

A: 3.40%

B: 3.37%

C: 3.30%

D: 3.47%

E: 3.33%

b) a perpetuity immediate and Nira has a 23 year annuity immediate. Both annuities

pay monthly and have the same value. Nira's monthly payment is 3.5 times Thuan's. What is the effective monthly interest rate?

A: 0.11589%

B: 0.11711%

C: 0.12076%

D: 0.11833%

E: 0.12198%

c). has a monthly pay annuity due lasting for 47 months. His monthly

payments are $210.00 and his last payment will be a drop payment of $35.00. The nominal annual

interest rate is 7.00% compounded semi-annually. What is the present value of his annuity?

A: $8542.35

B: $8115.23

C: $8200.65

D: $8713.20

E: $8969.47