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For 10,000, Kelly purchases an annuity-immediate that pays 600 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 600 quarterly for the next 10 years. Calculate the annual nominal interest rate convertible monthly earned by Kelly's investment. 20% 0 20.5% O 20.3% O 21% 20.7%

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