What is the APR interest rate of a six-year, monthly $400 annuity with present value of...
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What is the APR interest rate of a six-year, monthly $400 annuity with present value of $20,000? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. What is the APR interest rate of a six-year, monthly $400 annuity with present value of $20,000? Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
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To find the APR interest rate we can use the formula PV P... View the full answer
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
Posted Date:
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