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A life insurance company will sell a 20-year annuity paying $990 at the end of each month for $99,000. What quarterly compounded nominal rate
A life insurance company will sell a 20-year annuity paying $990 at the end of each month for $99,000. What quarterly compounded nominal rate of interest will the annuity earn? 10.558% 10.745% 11.008% 10.617% 10.374%
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