Question: 23. Problem 5.25 (Future Value of an Annuity) elek Problem Walk-Through Find the future values of the following ordinary annuities a PV of 5800 paid
23. Problem 5.25 (Future Value of an Annuity) elek Problem Walk-Through Find the future values of the following ordinary annuities a PV of 5800 paid each months for 5 years at a nominal rate of 54% compounded semiannually. Do not round termediate calculations, Round your answer to the nearest cent. $ . FV of 5400 pad each 3 months for 5 years in a nominal rate of 14% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. These is receive the same amount of cash during the year period and an interest the same nominal rate, yet the annuity in part bends up larger than the one in part a. Why does this cour? The nominal deposits to the way in the theme sont pas ing
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