Question
Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values, to
Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values, to two decimal places for dollar or period values and four places for percentages stated as decimals; do not label answers with symbols such as $ or %. For example, "10.5%" should be input as ".1050"
1. An investment compounding twice a month has an effective rate of 0.1688. The nominal rate is:
2.Brian Burkhardt is planning to purchase a home and expects to borrow $241,161 to mortgage the purchase, Given a 30-year mortgage has a rate of 0.0367, the monthly payment Brian can expect to pay is:
I need 100% accuracy
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