suon: 3 pts 1 of 8 For the following annuity due, determine the nominal annual rate of interest. Term Future Value Present Value $2,400 Periodic Rent $350 Payment Period 1 year Conversion Period semi-annually 8 years The nominal annual rate of interest is %. (Round to two decimal places as needed.) This Question: 2 pts 6 of 8 Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Present Value $11,500 Periodic Payment $2300 Payment Interval 1 year Interest Rate 3.65% Compounding Period monthly e The term of the annuity is year(s) and month(s), nter yea This Test: 20 pts pos A company borrowed at 4.28% compounded semi-annually to purchase equipment, agreeing to make payments of $2,380 at the end of every three months for 16 payments. (a) What is the equivalent cash price of the equipment? (b) How much will be owed at the end of two years? (c) How much of the principal will be repaid within the first two years? (d) How much interest is paid during the first two years? (a) The cash price of the equipment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The amount owed at the end of two years is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The amount of principal repaid is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) inu (d) The interest paid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) intet 1 yea aymen Enter your answer in each of the answer boxes