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You can choose to receive $ 7 3 2 today or $ 1 , 7 0 7 exactly 1 1 years from today. From a

You can choose to receive $

732

today or $

1, 707

exactly

11

years from today. From a purely financial perspective, the annual interest rate

(

as an EAR

)

that would make you indifferent between the two choices is

% .

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