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Steps

1. Generate Equivalent Rate based on the Payment Interval


2. Compute the Unknown

P(1+i)^n

(1+i/4)^4 = (1+0.06/12)^12
(1+i/4)^4 = 1.061678
(1+i/4) = 1.015075
i/4 = 0.015075
i = 0.0603

FV 5435.422
PV 2987.486

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