Question
Compute the nominal annual rate of interest for the following simple annuity due. Future Value Present Value Periodic Rent Payment Period Term Conversion Period $35,000
Compute the nominal annual rate of interest for the following simple annuity due.
| Future Value | Present Value | Periodic Rent | Payment Period | Term | Conversion Period |
| $35,000 | $457.20 | 1 month | 8 years | monthly |
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
