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You can choose to receive $763 today or $1,709 exactly 12 years from today. From a purely financial perspective, the annual interest rate (as an

You can choose to receive

$763

today or

$1,709

exactly 12 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

%

.\ Margin of error for correct responses: +/- 05

image text in transcribed

You can choose to receive $763 today or $1,709 exactly 12 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 %. Margin of error for correct responses: +/- . 05

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