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What is the present value of $6,477 payable at the end of 6 years? Use a nominal rate (monthly compounding) of 6.6%. SET YOUR CALCULATOR

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What is the present value of $6,477 payable at the end of 6 years? Use a nominal rate (monthly compounding) of 6.6%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END. Question 7 1 pts What is the effective annual rate (EAR) for a nominal rate.(semi-annual compounding) of 4.19% ? SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN INPUT THE NUMBER AS PERCENTAGE ROUNDING TO 2 DECIMALS. DO NOT ENTER THE \% SYMBOL.i.e. if your answer is 7.7711%, enter it as 7.77

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