Annuity Interest Rate What's the Interest Rate of a 4-Year

question 57

Multiple Choice

Annuity Interest Rate What's the interest rate of a 4-year, annual $1,000 annuity with present value of $3,500?

• A) 3.85%
• B) 5.56%
• C) 8.84%
• D) 9.70%

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