Question
Hank made payments of $133 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold
Hank made payments of $133 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $132,077. What annual interest rate would he need to earn on an ordinary annuity for aa comparable rate of return?
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
