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(1 point) Sara wishes to purchase a stereo system. She is offered the following payment options: Option 1: $0 down $439 in 1 year $300

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(1 point) Sara wishes to purchase a stereo system. She is offered the following payment options: Option 1: $0 down $439 in 1 year $300 in 2 years Option 2: $80 down $260 in 1 year $400 in 2 years Determine the range of interest rates for which the present value of Option 2 is less than the present value of Option 1. Lower limit of range = ? Upper limit of range =

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