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Please show steps on BA II 235 Assume that you own an annuity that will pay you $7,416 per year for 20 236 years, with

Please show steps on BA II
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235 Assume that you own an annuity that will pay you $7,416 per year for 20 236 years, with the first payment being made one year from now. You need money today to start 237 a new business, and your uncle offers to give you $127,154,00 for the annuity. If 238 you sell it, what rate of return would your uncle earn on his investment? 239 240 Solution: 241.51%

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