helpwithmath123
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- Jul 29, 2016
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Hi there, can anyone help me out with the problems below? I am struggling with this chapter and want to make sure I am doing it right. Thank you so much in advance!
1. [FONT="]What is the rate per period for an annuity in which the payments are made quarterly and the annual interest is compounded quarterly with an annual interest rate of 4%?
2.[/FONT][FONT="]What is the total number of periods for the annuity described in Question #3 above if the length of the annuity is 15 years?[/FONT]
1. [FONT="]What is the rate per period for an annuity in which the payments are made quarterly and the annual interest is compounded quarterly with an annual interest rate of 4%?
2.[/FONT][FONT="]What is the total number of periods for the annuity described in Question #3 above if the length of the annuity is 15 years?[/FONT]