Question
Hank made payments of $134 per month for 30 years to purchase property. He promptly sold it for $114,881. What annual interest rate would he
Hank made payments of $134 per month for 30 years to purchase property. He promptly sold it for $114,881. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return?
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Advanced Engineering Mathematics
Authors: ERWIN KREYSZIG
9th Edition
0471488852, 978-0471488859
