Bank made payments of 235 per month at the end of each


Bank made payments of $235 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $204,113. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return?

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Financial Management: Bank made payments of 235 per month at the end of each
Reference No:- TGS01370161

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