Question: Moving to another question will save this response. uestion 7 You just purchased a 15-year annuity at a cost of $70,000. The annully will pay

Moving to another question will save this response. uestion 7 You just purchased a 15-year annuity at a cost of $70,000. The annully will pay you $1,050 at the end of each month, starting with this month. What rate of retum are you earning on this investment? 16.45% O 15.42% 14.53% 16.74% O 15.52% Moving to another question will save this response

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