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An insurance firm agrees to pay you $4.182 at the end of 25 years if you pay premiums of $111 per year at the end
An insurance firm agrees to pay you $4.182 at the end of 25 years if you pay premiums of $111 per year at the end of each year for 25 years. Find the interna rate of return to the nearest whole percentage point. 3.25% 2.75% 3.50% 2.50% 3.00%
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