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For 10,000, Kelly purchases an annuity-immediate that pays 400 quarterly for the next 10 years. Calculate the annual nominal interest rate convertible monthly earned by

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For 10,000, Kelly purchases an annuity-immediate that pays 400 quarterly for the next 10 years. Calculate the annual nominal interest rate convertible monthly earned by Kelly's investment You are given that a101-0.1393 = 25. 070/0.025244 = 25 and a 2010.039622 = 25

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