K (Annuity interest rate) Your folks just called and would like some advice from you. An...
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K (Annuity interest rate) 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 $25,058.20 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 $26,058.20. What rate of retum would they be earning? The annual rate of return your folks would be earning on their investment is %. (Round to two decimal places) K (Annuity interest rate) 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 $25,058.20 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 $26,058.20. What rate of retum would they be earning? The annual rate of return your folks would be earning on their investment is %. (Round to two decimal places)
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Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
Posted Date:
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