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3 6 When he tumed 6 5 years old, Alberto used his savings of $ 5 0 , 0 0 0 to purchase a term
When he tumed years old, Alberto used his savings of $ to purchase a term certain annuity to age As a result, he will receive payments of $ at the beginning of each month. What is the nominal annual interest rate with monthly compounding that this investment yields?
a
b
c
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