Business, 12.03.2022 14:00 allysoftball4878

For $10,000 today, you can purchase a five-year annuity that will pay $2,358.65 per year for five years. The payments occur at the beginning of each year. Calculate the interest rate implied by this arrangement.

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For $10,000 today, you can purchase a five-year annuity that will pay $2,358.65 per year for five ye...