Difference between an ordinary annuity and annuity duet

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Reference no: EM131998197

1. You are borrowing money that musy be paid back after 6 months. You are given the following 12%per year, 11%per year compounded daily, 1% per month and 11.5% per year compounded monthly . Determine the effective semi annual interest rate. which loan option do you prefer?

2. What is the difference between an ordinary annuity and an annuity duet? Which always has greater future value and present value for identical annuities and interest rates? Why?

Reference no: EM131998197

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