Question: Finding Annuity Interest Rate (Documentation needed and round to two decimal place.) Suppose that an insurance company offers to pay you an annuity of $12,000

Finding Annuity Interest Rate (Documentation needed and round to two decimal place.)

Suppose that an insurance company offers to pay you an annuity of $12,000 per year for 10 years in exchange for $82,368.97 today. What is the return on this investment measured in percentage terms? This is an ordinary annuity.

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