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Problem 5-34 Annuity Interest Rate (LG5-8) What's the interest rate of a 10-year, annual $3,100 annuity with present value of $20,000? (Use a time value

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Problem 5-34 Annuity Interest Rate (LG5-8) What's the interest rate of a 10-year, annual $3,100 annuity with present value of $20,000? (Use a time value of money calculator or a spreadsheet. Round your answer to 2 decimal places.) Annuity interest rate %

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