Ordinary Annuities Practice Problems
Problem 10. Suppose that you have the chance to buy an annuity that will make 10 annual payments (the first a year from now) of $8,000. The price of the annuity is $45,000. What is the effective interest rate? Problem11. Suppose that you take out a student loan of $5,000at the beginning of your first Ordinary Annuities Practice Problems-1 ................
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