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Chapter 5 question 14 Whats the interest rate of a 8-year, annual $3,600 annuity with present value of $20,000? (Round your answer to 2 decimal
Chapter 5 question 14
Whats the interest rate of a 8-year, annual $3,600 annuity with present value of $20,000? (Round your answer to 2 decimal places.)
| Annuity interest rate | % |
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
