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Itachi
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Annuities: Determining the Interest Rate (help needed!)
David has $2000 to invest in an annuity. What interest rate must be obtain in order to receive payments of $500 at the end of each year for the next 5 years?
David has $2000 to invest in an annuity. What interest rate must be obtain in order to receive payments of $500 at the end of each year for the next 5 years?
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