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# . A \$10,000 promissory note is issued on June 12, 2020, for a five-year term carrying an annual…

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. A \$10,000 promissory note is issued on June 12, 2020,
for a five-year term carrying an annual interest rate of 5.5%
per annum compounded quarterly. If this note was sold in 1 year,
for an interest rate of 10% per annum compounded semi-annually,
what is the price paid for this note?

2. Perpetuity of \$1000 is generated beginning end of the month.
The interest rate is 5% per annum compounded
quarterly.
State the values (if any) of:i(the periodic interest rate); FV (the
Future Value) and n (the number of periods)
i = __
FV = __ n =____

3. The bank offers an interest rate of 5% per
annum compounded quarterly.
Find:
The nominal interest rate: _____%
The periodic interest rate: _____%
The effective interest rate: __