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An annuity - immediate that pays 4 0 0 quarterly for the next 1 0 years costs $ 1 0 , 0 0 0 .
An annuityimmediate that pays quarterly for the next years costs $
Calculate the nominal interest rate convertible monthly earned by this investment.
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
