iven the following parameters what is the APR of the following investment? Assume end of month investments. Enter your answer as a percent without ne %; round your final answer to two decimals. vestment: requency of investment: erm: ayoff at the end of the term: PR 5 Monthly 104.00 20 Years $66,245.00

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Given the following parameters what is the APR of the following investment? Assume end of month investments. Enter your answer as a percent without
the %; round your final answer to two decimals.
Investment:
Frequency of investment:
104.00
APR
Monthly
Term:
Payoff at the end of the term: $66,245.00
20 Years
Transcribed Image Text:Given the following parameters what is the APR of the following investment? Assume end of month investments. Enter your answer as a percent without the %; round your final answer to two decimals. Investment: Frequency of investment: 104.00 APR Monthly Term: Payoff at the end of the term: $66,245.00 20 Years
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