What is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in six years by payments of $2500 made at the end of every six months? The nominal annual rate of interest is |% compounded quarterly. (Round to two decimal places as needed.)Question 13, 12.2.5 HW Score: 42.31%, 22 of 52 points Part 1 of 2 O Points: 0 of 4 Save A property was purchased for $8418,00 down and payments of $842.00 at the end of every month for 3 years, Interest is 8% per annum compounded quarterly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)For her daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 3.6% compounded annually. If ordinary annuity payments of $136 per month are to be made out of the fund for five years, how much was the inheritance? The inheritance was $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) MoreTo finance the development of a new product, a company borrowed $26,000 at 7% compounded monthly. If the loan is to be repaid in semi-annual payment? equal semi-annually payments over five years and the first payment is due six months after the date of the loan, what is the size of the The size of the semi-annual payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) X 101 Vi Vi (1,") MoreOne month from now, Kelly will make her first monthly contribution of $450 to a Tax-Free Savings Account (TFSA). She expects to earn 8% compounded annually. How long will it take for the contributions and accrued earnings to reach $65,000? It will take | months to reach $65,000. (Round the final answer up to the nearest month as needed. Round all intermediate values to six decimal places as needed.) X Vi (1,") More