Question
Determine the nominal annual rate of interest of the following ordinary general annuity. Present Value Periodic Payment Payment Interval Term Conversion Period $26,000 $809 3
Determine the nominal annual rate of interest of the following ordinary general annuity.
| Present Value | Periodic Payment | Payment Interval | Term | Conversion Period |
| $26,000 | $809 | 3 months | 10 years | semi-annually |
The nominal annual rate of interest is __% compounded semi-annually.
(Round to two decimal places as needed.)
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Project Finance In Theory And Practice Designing Structuring And Financing Private And Public Projects
Authors: Stefano Gatti
4th Edition
032398360X, 9780323983600
