Please write out the problem if you can. I know a lot of people use programs or excel to solve these problems but I would like to see how it is solved on paper.

Question 2 Your insurance agent is trying to sell you an annuity that costs Incorrect $200,000 today. By buying this annuity, your agent promises that you will receive payments of $835.88 a month for the next 40 0.00 points out of 1.00 years. What is the rate of return on this investment? Flag question Select one: a. 4.22% x b.4.55% C. 4.00% d. 4.15% e.3.95%