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Rate of return-Annuity What is the rate of return on an investment of $7,089 if the investor will receive S1,500 each year for the next

Rate of return-Annuity What is the rate of return on an investment of $7,089 if the investor will receive S1,500 each year for the next 12 years? The rate of return on the investment, r, is %. (Round to two decimal places.)

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