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For $100,000 you can purchase a 15-year annuity that will pay $10.000 per year. The payments are made at the end of each year. Calculate

For $100,000 you can purchase a 15-year annuity that will pay $10.000 per year. The payments are made at the end of each year. Calculate the interest rate implied by this arrangement. 8.55% 7.12% 6.13% 5.56%

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