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Review - BGN/END mode You are offered the choice between the following two options: receive $965 five years from today, OR, receive two annual payments

Review - BGN/END mode

You are offered the choice between the following two options: receive $965 five years from today, OR, receive two annual payments of $515 -- with the first payment received five years from now, and the other six years from now. At what annual interest rate (as an EAR) would you be indifferent between these two options?

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