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Business, 13.02.2020 20:19 zoeyjorschumb17
Herman receives an annuity that pays him $10,000 per year for 12 years. Herman hopes to purchase a $250,000 sports car with the proceeds from investing the annuity payments at the end of the 12 year period. What annual interest rate does Herman need to earn to afford his purchase ?
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Herman receives an annuity that pays him $10,000 per year for 12 years. Herman hopes to purchase a $...
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