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2) (Opts) You are given a level payment anmuity-due with present value 62 and monthly payments. The level payment is 3 and the first payment

2) (Opts) You are given a level payment anmuity-due with present value 62 and monthly payments. The level payment is 3 and the first payment takes place immediately. There are 25 payments total. Find the implied anmis effective interest rate

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