Whats the interest rate of a six-year, annual ($5,000) annuity with present value of ($20,000?)

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What’s the interest rate of a six-year, annual $$5,000$ annuity with present value of $$20,000?$

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M Finance

ISBN: 9781266827877

6th Edition

Authors: Marcia Cornett, Troy Adair, John Nofsinger

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Question Posted: May 29, 2024 09:00 AM

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Whats the interest rate of a six-year, annual ($5,000) annuity with present value of ($20,000?)

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M Finance

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