Question
A person makes annual payments of $ 4,700 into an annuity immediate account. At the end of 4 years, the amount in the account is
A person makes annual payments of $ 4,700 into an annuity immediate account. At the end of 4 years, the amount in the account is $88,500 . What annual nominal compounding rate has this annuity earned?
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
