Calculate the nominal and effective rate of interest for the following ordinary annuity. Determine the nominal interest rate whose compounding interval equals the payment interval. 
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Preliminary or fundamental questions that need to be addressed or resolved at the beginning of a legal process or debate.
Diversity of Citizenship
A legal term in the United States that refers to cases where opposing parties in a lawsuit are citizens of different states or countries, allowing the case to be heard in federal court.
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