HUUUCCU HOBOL DE Aabb v Normal No Spacing Hear 1 Heading 2 Title Given the same interest rate per period, same number of time periods, same amount of payment for each time period, the present value of an annuity due will be greater than the present value of an ordinary annuity. I You received $300 at the end of Year 1, $500 at the end of Year 2, and $700 at the end of Year 3. If the discount rate is 10%, what is the present value of these uneven cash flows? A bank offers a loan that charges the nominal annual rate of 12%, compounded monthly. What is the effective annual rate of the loan