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Sentria financial is currently selling a perpetuity for $75,000 that will make equal annual payments of $7,000 starting one year from today. What rate is
Sentria financial is currently selling a perpetuity for $75,000 that will make equal annual payments of $7,000 starting one year from today. What rate is Sentria offering on the perpetuity? Answer Format: ENTER YOUR ANSWER AS A POSITIVE NUMBER > INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" or any other formatting. Carry computation to at least 4 decimals. Enter your answer as a % rounded to 2 decimal places. For example 0.123456 should be enter as: 12.35 ##.##
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