Hank made payments of $207 per month at the end of each monthfor 30 years to purchase a piece of property. He promptly sold itfor $201,683. What annual interest rate would he need to earn on anordinary annuity for a comparable rate of return? (round to thenearest hundredth as needed)

Answer rating: 100% (QA)

Given time 30 years t amount paid monthly 207 207 i... View the full answer