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You want to receive quarterly payments of $3000, beginning at the end of this quarter. You want to receive payments for 25 years and

You want to receive quarterly payments of $3000, beginning at the end of this quarter. You want to receive payments for 25 years and the cost of the annuity is $100,000. What is the APR on this investment (approximately)? a) b) e) 2.81% 6.73% 11.25%** 2.62% 10.49%

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