Solution-Ordinary annuity for comparable rate of return

Ordinary annuity for comparable rate of return

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Hank made payments of $228 per month for 30 years to purchase property. He promptly sold it for $222,144. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return? (round to the nearest hundredth as needed)

Reference no: EM131435369

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Ordinary annuity for comparable rate of return : Hank made payments of $228 per month for 30 years to purchase property. He promptly sold it for $222,144. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return? (round to the nearest hundredth as..

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Ordinary annuity for comparable rate of return

Reference no: EM131435369

Reference no: EM131435369

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