The first payment occurs 1 month from today what annual


An annuity costs $185,000 today and provides monthly payments of $950 for 40 years. The first payment occurs 1 month from today. What annual rate of return does this annuity offer?

Solution Preview :

Prepared by a verified Expert
Finance Basics: The first payment occurs 1 month from today what annual
Reference No:- TGS02745489

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)