Annuity Interest Rate What Is the Interest Rate of a 6-Year,annual

question 112

Multiple Choice

Annuity Interest Rate What is the interest rate of a 6-year,annual $3,000 annuity with present value of $14,000?

• A)5.64 percent
• B)7.69 percent
• C)10.17 percent
• D)11.32 percent

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