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3 pts Question 7 An ordinary annuity costs $20.000 today and provides yearly payments of $950 for 40 years. The first payment occurs 1 year

3 pts Question 7 An ordinary annuity costs $20.000 today and provides yearly payments of $950 for 40 years. The first payment occurs 1 year from today. What annual rate of return does this annuity offer? 5.33% 5.479 5.16% 3.5996 2.56% Next Previous ES

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