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You purchase a two year annuity for/tutorialoutletdotcom FOR MORE CLASSES VISIT www.tutorialoutlet.com

You purchase a two year annuity for/tutorialoutletdotcom You purchase a two year annuity for $2800. The annuity FOR MORE CLASSES VISIT www.tutorialoutlet.com   Question 1  You purchase a two year annuity for $2800. The annuity pays $1500 each year. What is the annuity's approximate IRR?  Question 1 options:  8.6%  10%  4.5%

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