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(1 point) Dave has debts of 1300 due new and 1356 due tvvo years from now. He proposes to repay them with a single payment

(1 point) Dave has debts of 1300 due new and 1356 due tvvo years from now. He proposes to repay them with a single payment of 2656 one year from now. What is the implied effective annual interest rate r if the replacement payment is accepted as equivalent to the original debts? What is the present value A of the debts? r: A

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