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Find What rate of return would be earning

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Problem 1: Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $14,177.68 that will pay them ?$2,000 per year for 15 years. They don't have the slightest idea what return they would be making on their investment of $14,177.68. What rate of return would they be earning?

Reference no: EM132764245

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