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What rate of return would they be? earning in percent

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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 ?$21,342.15 that will pay them ?$2,500 per year for 20 years. They? don't have the slightest idea what return they would be making on their investment of ?$21,342.15. What rate of return would they be? earning in percent?

Reference no: EM132596368

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