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

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

 

8 percent.

 

9 percent.

 

10 percent.

 

11 percent.

ERP Audit Management Project Management Business Development Management
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Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/03/22
Upvote (1) Views (23) Followers (7) Answers (6) Report Question
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Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

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

Deleted user

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

 

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

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
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

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

Deleted user

AGreed to experts

Thank you

 

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>> The answer will be 10 percent

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