Compute the nominal annual rate of interest for the following ordinary simple annuity. Payment Interval Present...
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Compute the nominal annual rate of interest for the following ordinary simple annuity. Payment Interval Present Value Periodic Rent $63,000.00 $3,800.00 6 months Term 15 years Conversion Period semi-annually % compounded semi-annually. The nominal annual rate of interest is (Round to two decimal places as needed.) Compute the nominal annual rate of interest for the following ordinary simple annuity. Payment Interval Present Value Periodic Rent $63,000.00 $3,800.00 6 months Term 15 years Conversion Period semi-annually % compounded semi-annually. The nominal annual rate of interest is (Round to two decimal places as needed.)
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