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7 7. You are offered a special set of annuities by your insurance company, whereby you will receive $24,000 per year for five years starting

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7. You are offered a special set of annuities by your insurance company, whereby you will receive $24,000 per year for five years starting seven years from today. If the present value today is 578,865 , then what is the discount rate? a. 4.8% b. 26.8\% c. 4.3% d. 42.9% e. 19,78

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