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Kobe retires with a pension that will pay him $6,484.38 semi-annually, at the end of each period, for the next 21 years. An actuary tells

Kobe retires with a pension that will pay him $6,484.38 semi-annually, at the end of each period, for the next 21 years. An actuary tells Kobe his pension is worth $119,000.00.

d) The effective interest rate per period is Answer 6 Question 5

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