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Question The AV of an annuity-due with annual payments of $10 for 20 years is $313.23. Determine the effective annual rate of interest. Possible Answers

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Question The AV of an annuity-due with annual payments of $10 for 20 years is $313.23. Determine the effective annual rate of interest. Possible Answers A 4.5% B 4.1% C 4.3% D 4.9% E 4.7%

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