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a life insurannce companyb will sell a 2 0 year nnuity paying 1 6 0 0 dollar at the end of the each monnth for

a life insurannce companyb will sell a

20

year nnuity paying

1600

dollar at the end of the each monnth for

1750000

what quarterly compounded nominal rate of the interest will annuity earn

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