Question: Finding Annuity Interest Rate (Documentation Show work and round to two decimal place.) Suppose that an insurance company offers to pay you an annuity of

Finding Annuity Interest Rate (Documentation

Show work 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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