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Question Hank made payments of $178 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $171,462. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return

Question

Hank made payments of $178 per month at the end of each month for 30 years to purchase a piece of property.  He

promptly sold it for $171,462.  What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return

 
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