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Ordinary annuity for a comparable rate

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Reference no: EM131521779

Hank made payments of ?$200 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for ?$182 comma 182,379. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of? return?

 

Reference no: EM131521779

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