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Ordinary General Annuities - Finding the FV. Please do these correctly as a lot of times in the past experts have answered it wrong and
Ordinary General Annuities - Finding the FV. Please do these correctly as a lot of times in the past experts have answered it wrong and I still did not understand the concept. :)
A vacation property valued at $65,000 was bought for 120 payments of $1555 due at the end of every 3 months. What nominal annual rate of interest compounded semi-annually was charged? The nominal annual rate of interest is % compounded semi-annually. (Round to two decimal places as needed.)Step by Step Solution
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