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Josie pays $ 2 5 , 0 0 0 for an annuity that pays $ 2 0 0 0 at the end of each year

Josie pays $

25, 000

for an annuity that pays $

2000

at the end of each year for

12

years. At the time she receives her last payment, she is given an additional $

5000 .

Calculate her yield rate

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