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Problem 5 - 2 5 Spreadsheet Problem: Annuity Interest Rate ( LG 5 - 8 ) What is the APR interest rate of a six

Problem 5-25 Spreadsheet Problem: Annuity Interest Rate (LG5-8)
What is the APR interest rate of a six-year, monthly $434 annuity with present value of $20,000?
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
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