After Part (A)

PART B:

What is the single, effective annual interest rate over four years?

The single, effective annual interest rate over four years is ____________%

Problem 4-57 (algorithmic) Question Help Consider the cash low transactions depicted in the accompanying cash flow diagram with the changing interest rates specified. 5500 $500 Eco 5300 11% Years mores 7% orest morthly P Interest acmpouncd ccmpoundsd cmpounded (a) What is the ecuivalent present worth? (In other words, how much do you have to deposit now so that you can witndraw $300 at the end of year 1, $300 at the end ofyear 2, $500 at the end of year 3, and $500 at the end of year 4? The equivalent present worth is S (Round to the nearest dcllar.) Problem 4-57 (algorithmic) Question Help Consider the cash low transactions depicted in the accompanying cash flow diagram with the changing interest rates specified. 5500 $500 Eco 5300 11% Years mores 7% orest morthly P Interest acmpouncd ccmpoundsd cmpounded (a) What is the ecuivalent present worth? (In other words, how much do you have to deposit now so that you can witndraw $300 at the end of year 1, $300 at the end ofyear 2, $500 at the end of year 3, and $500 at the end of year 4? The equivalent present worth is S (Round to the nearest dcllar.)