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Problem Walkthrough Find the future values of the following ordinary annuities PV of $400 paid each 6 months for 5 years at a nominal rate
Problem Walkthrough Find the future values of the following ordinary annuities PV of $400 paid each 6 months for 5 years at a nominal rate of 16% compounded semiannusly. Do not round intermediate calculations. Round your answer to the nearestent b. PV of $200 paid each 3 months for 5 years at a nominal rate of 10 compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent c. These are receive the same amount of cash during the year period and interest at the same nominal rate, yet the buty in part and up larger than the one in part a Why does this occur
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