6 . 1 6 ( Calculating an annuity s interest rate ) Your folks would like some...
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Question:
Calculating an annuitys interest rate Your folks would like some advice from you. An insurance agent just called and offered them the opportunity to purchase an annuity for $ that will pay them $ per year for years. They dont have the slightest idea what return they would be making on their investment of $ What rate of return would they be earning?
Not in Excel
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