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    Business Mathematics Study Set 1
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    Exam 10: Annuities: Future Value and Present Value
  5. Question
    Calculate the Periodic Interest Rate That Matches the Payment Interval
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Calculate the Periodic Interest Rate That Matches the Payment Interval

Question 67

Question 67

Short Answer

Calculate the periodic interest rate that matches the payment interval for each annuity (to the nearest 0.001%):
Calculate the periodic interest rate that matches the payment interval for each annuity (to the nearest 0.001%):

Correct Answer:

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4.040% per...

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