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You are planing to make 24 periodic payments of $800 per month at the end of...

You are planing to make 24 periodic payments of $800 per month at the end of each month in to saving account. If you are able to withdraw a lump sum of $17,832 today in return of these 24 future deposits, what is the nominal annual interest rate (APR) you are earning?

A. 1%

B. 2%

C. 5.5%

D. 7.2%

E. 9.6%

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