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Annuity Interest Rate What Is the Interest Rate of a 6-Year,annual

Question 112

Multiple Choice

Annuity Interest Rate What is the interest rate of a 6-year,annual $3,000 annuity with present value of $14,000?

A) 5.64 percent
B) 7.69 percent
C) 10.17 percent
D) 11.32 percent

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