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3. What is the interest rate of a 4-year, annual $1,000 annuity with present value of $3,500 3. What is the interest rate of a

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3. What is the interest rate of a 4-year, annual $1,000 annuity with present value of $3,500

3. What is the interest rate of a 4-year, annual $1 ,OOO annuity with present value of $3500?

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