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 Payment Term Interest Compounding Present payments interval Rate frequency value $500.00 Every month 4 years, 1 months 0.00% Monthly PV = $21,279.30 $100.00 Every half year 0.00% Semi-annually PV = $2,314.70 = 16 years

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