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Sarah is willing to pay $500 per month for an annuity with an annual interest rate of 6% where the bank pays the interest on
Sarah is willing to pay $500 per month for an annuity with an annual interest rate of 6% where the bank pays the interest on a monthly basis. Sarah wants to know how much her annuity will be worth in 5 years. What is the interest rate (i) equal to in this
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Day Trading Strategies And Risk Management
Authors: Richard N. Williams
1st Edition
979-8863610528
