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Instructions
Use a financial calculator to solve for the interest rate involved to the following future value of an annuity due problem. The future value is $57,000, the annual payment is 47,500, and the time period is 6 years.
Instructions
Use a financial calculator to solve for the interest rate involved to the following future value of an annuity due problem. The future value is $57,000, the annual payment is 47,500, and the time period is 6 years.
