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If the effective annual interest rate is 6%, what is the nominal rate or APR (Annual Percentage Rate), given monthly compounding? Select one: a. 7.02%
If the effective annual interest rate is 6%, what is the nominal rate or APR (Annual Percentage Rate), given monthly compounding? Select one: a. 7.02% b. 3.43% c. 5.12% d. 6.02% e. 5.84% Compute the PV of a level-payment perpetuity with monthly payments of $1,000, given an annual discount rate of 4%? Select one: a. $275,000 0 b. $250,000 o c. $175,000 d. $200,000 e. $300,000 Compute the effective annual interest rate, given a nominal rate of 8%, compounded weekly. Select one: a. 8.27% b. 8.56% c. 8.32% d. 7.44% e. 7.85% Find the Future Value (FV) of the following set of unequal cash flows: Year 1: 1,000; Year 2: 1,500; Year 3: 0; Year 4: 2,500; Year 5: 3,000. Assume a 10% interest rate. Find the FV at the end of year 5. Try to solve the problem using both algebra and the cash flow worksheet on the calculator. Select one: a. $8,322.01 b. $10,576.68 o c. $7,017.54 O d. $8,721.08 e. $9,210.60
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