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If the present value of an ordinary annuity that pays $350 each month for three years is $11,819.12, what is the annual discount rate? 1)
If the present value of an ordinary annuity that pays $350 each month for three years is $11,819.12, what is the annual discount rate? 1) 4.8% 2) 4.5% 3) 3.9% 4) 5.1% 5) 4.2%
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