To save for retirement, Karls Harby put $350 each month into an ordinary annuity for 12 years Interest was compounded monthly At the end of the 12 years, the annuity was worth $79.973 What anual interest rate CED The interest rate the received was approximately (Round to two decimal places as needed)
To save for retirement, Karls Harby put $350 each month into an ordinary annuity for 12 years Interest was compounded monthly At the end of the 12 years, the annuity was worth $79.973 What anual interest rate CED The interest rate the received was approximately (Round to two decimal places as needed)
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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