For $1,000 you can purchase a 5-year ordinary annuity that will pay you a yearly payment of $263.80 for 5 years.

Question

The compound annual interest rate implied by this arrangement is closest to

8 percent.

9 percent.

10 percent.

11 percent.

Mir Mujtaba Ali · Answer

the answer is10% ...........................

مستخدم محذوف‎ · Answer

The compound annual interest rate implied by this arrangement is closest to10 percent

Vinod Jetley · Answer

10 percent.

1000 1.1 1100 836.2 836.2 1.1 919.82 656.02 656.02 1.1 721.622 457.822 457.822 1.1 503.6042 239.8042 239.8042 1.1 263.7846 -0.01538

Wasi Rahman Sheikh · Answer

Correct answer10% <<<<<<<<<<<<<<<<<<<<<<<<

مستخدم محذوف‎ · Answer

AGreed to experts

Thank you

Emad Mohammed said abdalla · Answer

>>>>>> The answer will be 10 percent