Hank made payments of 137 per month at the end of each


Hank made payments of $137 per month at the end of each month for 30 years to purrchase a piece of property. He promptly sold it for $123,067. 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: Hank made payments of 137 per month at the end of each
Reference No:- TGS01567561

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