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Aspen Investments will pay you $2,000 a year for 30 years in exchange for $30,000 today. What interest rate are you earning on this annuity?

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Aspen Investments will pay you $2,000 a year for 30 years in exchange for $30,000 today. What interest rate are you earning on this annuity? 3.90 percent 4.52 percent 6.13 percent 5.22 percent

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