Question
A financial advisor says she has an investment that will pay you $500 a month forever.It will cost you $25,000 today.What effective annual rate (EAR)
A financial advisor says she has an investment that will pay you $500 a month forever.It will cost you $25,000 today.What effective annual rate (EAR) will you earn on this investment?Round your answer to the nearest tenth of a percent.
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
