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you are given the following facts about an asset: (i) the present value of the future cash flows at an effective annual interest rate of

you are given the following facts about an asset:

(i) the present value of the future cash flows at an effective annual interest rate of 5% is 150,000

(ii) D_mac(5%)= 14.7

(iii) The present value of the future cash flows at an effective annual interest rate of X% using the first order Mod approximation is 152,100

Find X

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