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You purchase a two year annuity for $2800. The annuity pays $1500 each year. What is the annuity's approximate IRR? options: 10% 2.3% 4.5% 8.6%

You purchase a two year annuity for $2800. The annuity pays $1500 each year. What is the annuity's approximate IRR?

options:

10%

2.3%

4.5%

8.6%

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