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The AV of an annuity-due with annual payments of 10 for 20 years is 313.23. Determine the effective annual rate of interest. (a) 4.1% (b)

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The AV of an annuity-due with annual payments of 10 for 20 years is 313.23. Determine the effective annual rate of interest. (a) 4.1% (b) 4.3% (c) 4.5% (d) 4.7% (e) 4.9%

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