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| rev | Admin | (Created page with "Today’s deposit of 9550 earns an annual effective interest rate of i for five years. At the end of the fifth year, the entire accumulated balance is reinvested into a 20-year annuity-due. The annuity-due has level annual payments of 756.97 at an annual effective interest rate of 4%. Calculate i. <ul class="mw-excansopts"><li>1.5%</li><li>2.3%</li><li>7.7%</li><li>12.0%</li><li>19.7%</li></ul> {{soacopyright | 2023 }}") | Nov 18'23 at 20:50 | +425 |