Question 2,
13.1.18
HW Score: 50%, 1
of 2 points
O Points: 0 of 1
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An insurance policy provides a benefit of [tex]$56,000 twenty years from now. Alternatively, the policy pays $[/tex]890.11 at the beginning of each year for
twenty years. What
is the effective annual rate of interest paid?
The effective annual rate of interest is %
(Round to two decimal places as needed.)
۵۵
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