Question
You currently have $425,599.71 to deposit. Your banker offers you an annuity paying $35,000 per year for the next 18 years. What implied rate is
You currently have $425,599.71 to deposit. Your banker offers you an annuity paying $35,000 per year for the next 18 years. What implied rate is the banker offering? [Present the answer rounded to two decimal places. For instance 3.33]
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
