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Category > Business & Finance Posted 19 May 2017 My Price 6.00

In a book named T r easu

In a book named T r easu r e, the reader has to figure out where a 2.2 pound, 24 kt gold horse has been buried. If the horse is found, a prize of $25,000 a year for 20 years is provided. The actual cost to the publisher to purchase an annuity to pay for the prize is $245,000. What interest rate (to the nearest percent) was used to determine the amount of the annuity? (Assume end-of-year payments.)

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Status NEW Posted 19 May 2017 04:05 AM My Price 6.00

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