Find an ordinary annuity for a comparable rate of return

Reference no: EM131978942

Question: Hank made payments of $250 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $211170. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131978942

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