can you tell me if you got the same answer for yiur interest box ...
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can you tell me if you got the same answer for yiur interest box
Paste 5 Merge & Center BIU a Av x vfx =RATE(D12,-5500,010) D11 AB D M P6-16M (use the changes in bold below for the problem) Your folks would like some advice from you. An insurance agent just called and offered them the opportunity to purchase an annuity for $70,000 that will pay them $5,500 per year for 20 years. They don't have the slightest idea what return they would be making on their Investment of $70,000. What rate of return would they be earning? Hint: Use the RATE function in Excel to solve the problem. PV 1 9 10 1 2 3 4 5 $70,000 4.75% 20 $5,500.00 nper pmt FV
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