Question
The Rock Insurance Co. will pay you $2,000 a year for 20 years in exchange for $30,000 today. What interest rate will you earn on
The Rock Insurance Co. will pay you $2,000 a year for 20 years in exchange for $30,000 today. What interest rate will you earn on this annuity? (enter your answer as a percentage with two decimal points i.e. 15.33 dont include the % symbol)
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
