At the end of 17 years the annuity was worth 199187 what


I put $600 each month into.an ordinary annuity for 17 years. Interest was compounded monthly. At the end of 17 years , the annuity was worth 199,187. What was the annual interest rate receive?

Solution Preview :

Prepared by a verified Expert
Finance Basics: At the end of 17 years the annuity was worth 199187 what
Reference No:- TGS02631355

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)