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  • 07-03-2017
  • Mathematics
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Good guys will pay you $3,800 a year for 10 years in exchange for $31,300 today. what interest rate will you earn on this annuity?

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Аноним Аноним
  • 07-03-2017
I hope this helps you




in a year $3800



in 10 year 10.3800=38000



38000-31300=6700


in 10 year rate 6700


for a year rate ?




?.10=6700


?=670
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