Question: 2 . ) A 1 5 - Year annuity is purchased for 1 0 , 0 0 0 with level annual payment 8 0 0

2.) A 15-Year annuity is purchased for 10,000 with level annual payment 800. What is the effective annual interest rate?
2.) A 15-Year annuity is purchased for 10,000 with level annual

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2 . ) A 1 5 - Year annuity is purchased for 1 0 , 0 0 0 with level annual payment 8 0 0 . What is the effective annual interest rate?

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