Question
Hank made payments of $113 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold
Hank made payments of $113 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $99625. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return?
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
