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You have deposited $15,005 in a special account that has a guaranteed rate of return. If you withdraw $2,500 at the end of each year
You have deposited $15,005 in a special account that has a guaranteed rate of return. If you withdraw $2,500 at the end of each year for 7 years. you will completely exhatst the balance in the account. The guaranteed rate of retum is closest to: 0 gnote income tases) Cick here to viow Eshibit.12B: and Eahibit12B-2, to determine the aporopriate discount factor(s) using the tables proulded. (Round your intermediate calculations to 3 decimal places)
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