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3 An ordinary annuity costs $20,000 today and provides yearly payments of $950 for 10 years. The first payment occurs 1 year from toda What

3 An ordinary annuity costs $20,000 today and provides yearly payments of $950 for 10 years. The first payment occurs 1 year from toda What annual rate of return does this annuity offer? 5.33% 5.47% 5.16% 3.599 2.56%

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