An annuity due which pays 100 per month for 12 years has a present value of...
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An annuity due which pays 100 per month for 12 years has a present value of 7,908. Calculate the annual effective interest rate used to determine the present value. An annuity due which pays 100 per month for 12 years has a present value of 7,908. Calculate the annual effective interest rate used to determine the present value.
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