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Assume you are the recipient of a two-year, $100 per year, ordinary annuity that has a future value of $207. What is the interest rate
Assume you are the recipient of a two-year, $100 per year, ordinary annuity that has a future value of $207. What is the interest rate on this annuity?
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| 5 percent |
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| 7 percent |
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| 9 percent |
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| 10 percent |
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Personal Finance For Dummies
Authors: Eric Tyson
9th Edition
1119517893, 978-1119517894
