Question Hank made payments of style=”color:rgb(0,0,0);background-color:transparent;”>$200 200 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $182 comma 379 182,379. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return?
Question
Hank made payments of style=”color:rgb(0,0,0);background-color:transparent;”>$200
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 379
182,379. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return?
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