Question: Future value = $12k Present value = ? Periodic rent = $800.00 Payment Period = 1 year Term = 10 years Conversion period = annually

Future value = $12k

Present value = ?

Periodic rent = $800.00

Payment Period = 1 year

Term = 10 years

Conversion period = annually

Compute the nominal annual rate of interest for the following simple annuity due.

The nominal annual rate of interest is %?

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