He promptly sold it for 99625 what annual interest rate


Hank made payments of ?$113 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for ?$99625. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of? return?

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Finance Basics: He promptly sold it for 99625 what annual interest rate
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