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3. value: 1.00 points If $100,000 will purchase a 20-year annuity paying $739 at each month's end, what monthly compounded nominal rate and effective rate

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3. value: 1.00 points If $100,000 will purchase a 20-year annuity paying $739 at each month's end, what monthly compounded nominal rate and effective rate of interest are earned by the funds? (Do not round intermediate calculations and round your final answers to 2 decimal places.) j= % compounded monthly % effective rate

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