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Find the effective annual rate of return (EAR) if you start receiving annuity payments today and in the beginning of each of the next 14

Find the effective annual rate of return (EAR) if you start receiving annuity payments today and in the beginning of each of the next 14 months. The monthly payment amount is $130. You paid $1,600 for this annuity today, and want to deplete it by the end of 14 months. Provide detailed calculations.

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