Question

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 $21,074.25 that will pay them $3,000 per year for 20 years. They don’t have the slightest idea what return they would be making on their investment of $21,074.25. What rate of return would they be earning?



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  • CreatedOctober 31, 2014
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