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Hank made payments of $143 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold

Hank made payments of $143per month at the end of eachmonth for 30 years to purchase a piece of property. He promptly sold it for $130,401.

What annual interest rate would he need to earn on an ordinary annuity for a comparable rate ofreturn?

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