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You recently purchased a Sirius satellite receiver. The monthly subscription rate is $12.95. You can either pay on a monthly basis or prepay an entire year and receive the 13th month free. Assuming you will maintain your subscription for at least 13 months, what is the effective annual rate of return on your investment if you choose to prepay for the entire year? All payments are due at the beginning of the month.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92489655

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