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Business, 18.02.2020 16:37 LanaParrilla

Your insurance agent is trying to sell you an annuity that costs $50,000 today. By buying this annuity, your agent promises that you will receive payments of $250 amonth for the next 20 years. What is the rate of return on this investment?A) 2.47 percentB) 3.75 percentC) 1.88 percentD) 3.67 percentE) 2.45 percent

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