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A life insurance compary will sell a 20 year annuity paying $1,600 at the end of each month for $175,000. What annual compounded nominal rate

A life insurance compary will sell a 20 year annuity paying $1,600 at the end of each month for $175,000. What annual compounded nominal rate of interest will the annuitant earn? B.735\% 9.626% 9.401% 9297% 9335%

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