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An insurance company is offering quarterly payments of $680 for the next 13 years in exchange for a one-time payment of $23,000 today. What is

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An insurance company is offering quarterly payments of $680 for the next 13 years in exchange for a one-time payment of $23,000 today. What is the per annum rate of return on this offer? (Round to nearest 100 th of a percent and enter your answer as a percentage, for example, as 12.34)

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