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You paid $270,548.52, an annuity that pays you $1,000 per month for 30 years.What is the implied interest rate?If, instead of spending the $1,000.You invest

You paid $270,548.52, an annuity that pays you $1,000 per month for 30 years.What is the implied interest rate?If, instead of spending the $1,000.You invest all the payments you received as soon as you receive them in a bank account that pays you 1.75% annual interest rate.How much money would you have in the bank account at the end of 30 years?

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