Solution-Ordinary annuity for a comparable rate of return

Ordinary annuity for a comparable rate of return

Reference no: EM131434746

Hank made payments of $178 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $171,462. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return.

Reference no: EM131434746

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Ordinary annuity for a comparable rate of return : Hank made payments of $178 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $171,462. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return.

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Ordinary annuity for a comparable rate of return

Reference no: EM131434746

Reference no: EM131434746

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