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Debbie has won a lottery in which she is to receive $3,700 each year for the next 25 years. She would like to determine the

Debbie has won a lottery in which she is to receive $3,700 each year for the next 25 years. She would like to determine the present value of this annuity. She has been quoted an interest rate of 7.00% compounded quarterly. Debbie should use ____% as the appropriate interest rate to determine the present value of her annuity.

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