Question: Question 10 [6 points] Calculate the nominal rate for each of the following simple annuities due given the present value of the annuity. Note: Please

Question 10 [6 points] Calculate the nominal rate for each of

Question 10 [6 points] Calculate the nominal rate for each of the following simple annuities due given the present value of the annuity. Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Periodic payments $100.00 $400.00 Payment Term Interest Compounding Present interval Rate frequency value Every half year 9 years, 6 months 0.00% Semi-annually PV = $1,405.40 Every half year 4 years, 6 months 0.00% Semi-annually PV = $3,051.88

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