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A person makes annual payments of $1000 into an ordinary annuity. At the end of 5 years the amount in the annuity is $5810.71. What
A person makes annual payments of $1000 into an ordinary annuity. At the end of 5 years the amount in the annuity is $5810.71. What annual nominal compounding rate has the annuity earned?
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Global Corporate Finance A Focused Approach
Authors: Kenneth Kim, Suk Kim
3rd Edition
9811207119, 9789811207112
