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You have a choice to receive either $4,000 right now, or 6 monthly uniform payments of $678.38 per month (months 1 thru 6). Choose the

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You have a choice to receive either $4,000 right now, or 6 monthly uniform payments of $678.38 per month (months 1 thru 6). Choose the closest annual interest rate that would make these choices equivalent. O 5.00% O 4.00% O 6.00% O 7.00%

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