# math,correction

posted by .

can someone correct these for me thanks..
Problem #4
Find the effective rate corresponding to the given nominal 18% compounded quarterly.

Problem #7
Find the future value of the ordinary annuity If R= \$2500,I=5% interest compounded quarterly for 16 years.

Problem#10
Find the present value of the ordinary annuity payments of \$17000 annually for 10 years at 12% compounded annually.

10. Obviously wrong. 17,000 x 10 years is 170, 000 and the present value cannot be more than that.

7. No, I get considerably less than that.

You can check these yourself at
http://www.uic.edu/classes/actg/actg500/pfvatutor.htm

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