38. At retirement, you have saved $800,000 in your employers savings plan. They have offered to convert
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38. At retirement, you have saved $800,000 in your employer’s savings plan. They have offered to convert this money to an annual payment of $70,000 for the next 30 years. What is the interest rate of this annuity? ( LG 2-9 )
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Related Book For
Financial Markets And Institutions
ISBN: 9780071086745
5th International Edition
Authors: Anthony Saunders, Marcia Cornett
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