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show work please 2. For the following annuity due, determine the nominal annual rate of interest. Future Value Present Periodic Value Rent $2,581 $540 Payment
show work please
2. For the following annuity due, determine the nominal annual rate of interest. Future Value Present Periodic Value Rent $2,581 $540 Payment Period Term Conversion Period monthly 1 year 4 years %. The nominal annual rate of interest is (Round to two decimal places as needed.)Step by Step Solution
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International Finance
Authors: Maurice D Levi
5th Edition
0415774594, 9780415774598
