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If the future value of an ordinary annuity that pays $350 each year for five years is $1,949.48, what is the annual interest rate? 1)

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If the future value of an ordinary annuity that pays $350 each year for five years is $1,949.48, what is the annual interest rate? 1) 4.7% 2) 4.9% 3) 5.4% 4) 5.7% 5) 6.3%

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