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What annual interest rate would you need in order to have an ordinary annuity of $7,500 per year accumulate to $279,600 in 15 years? a.
What annual interest rate would you need in order to have an ordinary annuity of $7,500 per year accumulate to $279,600 in 15 years?
| a. | 11.10% | |
| b. | 12.00% | |
| c. | 12.75% | |
| d. | 13.00% | |
| e. | 13.15% |
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
9780321884077
