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Ordinary annuity for a comparable rate of? return

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Reference no: EM132012555

Hank made payments of ?$214 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for ?$186,916. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of? return?

Reference no: EM132012555

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